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Wendy’s 719 S Lemay Ave 3,289 SF Retail Building Fort Collins, CO 80524 $3,604,143 CAD ($1,095.82 CAD/SF) 6% Cap Rate
Investment Highlights
- Proven Long-Term Location: Operating as a Wendy’s for 30+ years with sales consistently above the national average.
- Absolute NNN Lease: Zero landlord responsibilities provide a fully passive investment.
- High Traffic Location: Positioned on Lemay Ave with 24,000+ VPD and additional exposure from Riverside Ave.
- Early Lease Extension: Tenant extended the lease by 10 years, securing income through 2043.
- Experienced Operator: Operated by a 74-unit, multi-state Wendy’s franchisee with a strong track record.
- Near Colorado State University: Located within 2.5 miles of CSU with 35,000+ students and staff.
Executive Summary
Broker of Record
Brayden Conner
License # EC.100099522, ER.100106933 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Brayden Conner
License # EC.100099522, ER.100106933 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,289 SF
Building Class
B
Year Built/Renovated
1985/2007
Price
$3,604,143 CAD
Price Per SF
$1,095.82 CAD
Cap Rate
6%
NOI
$216,232 CAD
Tenancy
Single
Building Height
1 Story
Frontage
193’ on Lemay Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Riverside Shopping Center
- Real Estate
- -
- -
- -
-
- Accommodation and Food Services
- -
- -
- -
Wendy's began in 1969 when Dave Thomas opened the first location in Columbus, Ohio. The chain became known for its square hamburger patties and signature Frosty desserts. Over time, Wendy's expanded internationally through franchising. Today, the restaurant operates thousands of locations worldwide while maintaining its focus on quick-service fast food. Wendy's continues building its global presence through both company-owned and franchised restaurant models.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Riverside Shopping Center | Real Estate | - | - | - | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 97131-28-004 | Improvements Assessment | $376,133 CAD |
| Land Assessment | $209,312 CAD | Total Assessment | $585,445 CAD |
Property Taxes
Parcel Number
97131-28-004
Land Assessment
$209,312 CAD
Improvements Assessment
$376,133 CAD
Total Assessment
$585,445 CAD
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Wendy’s | 719 S Lemay Ave
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