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Wendy's 4873 Airway Rd 2,889 SF Retail Building Dayton, OH 45431 $2,355,183 CAD ($815.22 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Eight Years Remaining on Absolute Triple-Net (NNN) Lease
- 8 Percent Rental Increases Every Five Years with Multiple Renewal Options
- High Traffic Location at the Corner of Airway Road and Woodman Drive - Accessible by Approximately 48,690 Cars per Day
- Multi-Unit Franchisee - Tenant Operates 65 Wendy’s Locations Throughout Texas and Ohio
- Densely Populated Dayton Trade Area - Daytime Population Exceeds $235,000 within a Five-Mile Radius
- Adjacent to the National Museum of the US Air Force, a Significant Source of Tourism, Attracting Approximately 1.3 Million Visitors Annually
Executive Summary
The Wendy’s Company (NASDAQ: WEN) is the world’s third largest quick-service hamburger company. The Wendy’s system includes over 7,300 restaurants in the U.S. and 29 other countries and U.S. territories worldwide.
Dayton is the sixth-largest city in the state of Ohio and the county seat of Montgomery County. It is home to over 137,600 people. The Dayton Metro is home to over 810,000 people with over 342,000 households. Composed of Greene, Montgomery, and Miami Counties, it is the fourth-largest metropolitan area in Ohio.
Dayton is the sixth-largest city in the state of Ohio and the county seat of Montgomery County. It is home to over 137,600 people. The Dayton Metro is home to over 810,000 people with over 342,000 households. Composed of Greene, Montgomery, and Miami Counties, it is the fourth-largest metropolitan area in Ohio.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,889 SF
Building Class
B
Year Built/Renovated
1977/2000
Price
$2,355,183 CAD
Price Per SF
$815.22 CAD
Cap Rate
6.75%
NOI
$158,975 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.90 AC
Parking
50 Spaces (17.31 Spaces per 1,000 SF Leased)
Frontage
175’ on Airway Rd
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | I39-00124-0013 | Improvements Assessment | $282,817 CAD |
| Land Assessment | $64,910 CAD | Total Assessment | $347,727 CAD |
Property Taxes
Parcel Number
I39-00124-0013
Land Assessment
$64,910 CAD
Improvements Assessment
$282,817 CAD
Total Assessment
$347,727 CAD
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Wendy's | 4873 Airway Rd
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