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Fast Food For Sale • 2,640 SF
| The site operates under a ground lease lease structure, making it a fully passive investment. There is strong potential for upside either through leas |
| There are four remaining option periods. The first option includes a two-year term with a 10% rent increase, while the subsequent three options each |
| Land value value in the area trades at around $60.00 PSF. Currently, Wendy’s is paying $22.92 PSF of GLA with market rent hovering around $60.00 PSF f |
| The adjacent northern property recently sold for $2.2 million, equating to $58.64 per square foot of land. |
| Corporate Guaranty with Long Store History |
| The lease features a corporate guarantee from Wendy’s Old Fashioned Hamburgers of New York, LLC. They assumed responsibility of the lease in 2007 |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Wendy's |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Orem Central Station (FrontRunner - Utah Transit Authority (UTA)) | 6 min | - | 3.2 mi |
| Provo Amtrak (California Zephyr - Amtrak) | 7 min | - | 3.6 mi |
| Airport | Drive | Walk | Distance |
| Provo Municipal | 14 min | - | 7.0 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 20 |
| Type: | Surface |
| Included in Rent: | Yes |
