5155 BroadwayEnglewood, CO 80113

For Sale
$2,795,700

High-volume Wendy's, strong ROI, 15+ year lease.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a 3,254 square foot Wendy's restaurant located at 5155 S Broadway, Englewood, CO 80113. The property sits on a 12,474 square foot lot and boasts a 4.65% cap rate with a Net Operating Income (NOI) of $130,000. The absolute NNN ground lease features zero landlord responsibilities and a recently extended 15-year corporate lease with 10% rent increases every five years. Wendy's, a publicly traded company (NASDAQ: WEN), has occupied this site since 1999, demonstrating long-term commitment. This high-performing location consistently ranks within the top 10% of Wendy's nationwide and is among the top 5 in Colorado, based on traffic data. The property benefits from its prime location on a heavily trafficked intersection (approx. 70,200 vehicles daily), offering excellent visibility and accessibility. The surrounding area features a strong demographic profile, with over 100,638 residents within a 3-mile radius and an average household income exceeding $133,571. Synergistic businesses nearby include Chuze Fitness, Starbucks, Sprouts, and more. Englewood, a mature and established suburb, provides convenient access to downtown Denver (approximately 8 miles away) via various transportation options. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential. The asking price is $2,795,700. 100% occupancy.

Highlights

  • Absolute NNN ground lease; no landlord responsibilities.
  • 15-year Wendy's corporate lease with 10% rent increases every 5 years; tenant occupied since 1999.
  • Corporate guarantee from Wendy's Properties, LLC (WEN: NASDAQ).
  • High-traffic location on S. Broadway Ave., ±70,200 VPD, excellent ingress/egress, full drive-thru.
  • Strong demographics: 100,638 residents within 3 miles, $133,571 average household income.
  • Excellent retail synergy with Chuze Fitness, Starbucks, Sprouts, and others.

Location Insight

City
Englewood
County
Arapahoe
State
Colorado
Latitude
39.622949532726
Longitude
-104.98786723007
5155 Broadway, Englewood, Colorado

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5155 Broadway
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