wendy’s - exp realty advisors - macomb il.pdf · whisper valley ranch property line map wendy’s...
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Phone: 212.972.7457Fax: [email protected]
Price: $1,066,667 | NOI: $64,000 | CAP: 6.00%
Wendy’s
935 West Jackson St, Macomb, IL 61455
Premier Brand – World’s third largest quick service hamburger restaurant
Absolute Triple Net Lease – Zero landlord responsibilities
Increases in Base Term & Options – Next increase in January 2017
Strong Unit Level Performance – Very Low Rent to Sales Ratio
Experienced Operator – Over 20 years of experience
0.4 Mile Drive from Western Illinois University, which serves more than 14,000 students, faculty, and staff
Surrounding Retailers – ACE Hardware, Dairy Queen, Hardee’s, McDonald’s, Subway & Taco Bell
Exclusive Offering
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
INVESTMENT OVERVIEW
Whisper Valley Ranch
Investment Overview
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
Wendy’s
Investment Overview
PROPERTY OVERVIEW:EXP Realty Advisors exclusively presents for sale a Wendy’s located in Macomb, IL. The property is situated at a hardcorner, signalized intersection along US 136, which runs from Edison, Nebraska to Speedway, Indiana. This section of US136 receives over 10,000 vehicles per day, and includes national retail tenants such as ACE Hardware, CarQuest, Citizen’sBank, Dairy Queen, Hardee’s, Jimmy John’s, McDonald’s, Subway, and Taco Bell. Western Washington Illinois University,which serves more than 14,000 students, faculty, and staff is located 0.4 miles to the north of the property. The nearestAmtrak station is 0.8 miles and a two minute drive from the property. The building is 2,740 sf, situated on 0.70 acres andincludes a drive-thru. There are 7.3 years remaining on the lease. The rent to sales ratio is 4.87%.
LOCATION OVERVIEW:Macomb, IL is the county seat for McDonough County, in the U.S. State of Illinois. According to the 2010 census, Macombhad a population of 32,612. The town is 70 miles to the southwest of Peoria, IL with an approximate population of117,000. Macomb offers small town Midwestern charm, with a variety of national brand retailers, as well as locally basedcoffee shops, restaurants, and boutiques. McDonough County qualifies as a micropolitan area as defined by the Office ofManagement and Budget, being a significant (and growing) center of population and production, drawing workers andshoppers from a across a wide local area.
LEASE SUMMARY:Lease Commencement: 4/1/2011Lease Expiration: 2/21/2022Current Base Rent: $63,955Escalations: 5% escalation on 1/1/2017Options: Two (5) Year OptionsOptions Escalations: 5% every 5 yearsLease Type: Absolute NNNPercent Rent Calculation: 5% of gross sales in excess of $1,280,000
TENANT OVERVIEW: Manna Inc.Bridgeman Foods, Inc. operates the restaurant and owns more than 200 Wendy's restaurants. In addition to the Wendy’s outlets in Bridgeman's portfolio, Bridgeman also owns 124 Chili’s restaurants, all five of the Mark’s Feed Store Louisville locations, 11 Perkins Restaurant and Bakery stores and 21 Fazoli’s. Overall, he owns restaurants in 16 states. It’s been more than 25 years since Bridgeman entered the business, and started to operate multiple restaurant concepts. It now ranks fifth on Franchise Times’ 2014 top 200 franchise companies list with $547 million in revenue.
Wendy's is the world's third largest quick-service hamburger company. The Wendy's system includes more than 6,500franchise and company owned restaurants in the U.S. and 25 other countries and U.S. territories.
INVESTMENT SUMMARY
Price: $1,066,667
CAP Rate: 6.00%
Rent to Sales: 4.87%
NNN Rent: $64,000
Escalation: 5% on 1/1/2017
Bld. Sq Ft: 2,740 sf
Land Size: 0.70 acres
%Rent: 5% of gross sales in
excess of $1,28,000
Lease Type: Absolute NNN
Whisper Valley Ranch
Property Line Map
Wendy’s
Aerial
AERIALThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
10,171 ADT
Whisper Valley Ranch
Property Line Map
Wendy’s
Aerial
AERIALThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
10,171 ADT
Whisper Valley Ranch
Property Line Map
Wendy’s
Site Plan
SITE PLANThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
Wendy’s
Location Map
LOCATION MAPThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
DEMOGRAPHIC DATA
Whisper Valley Ranch
Property Line Map
Wendy’s
Demographic Data
Contact Us
EXP Realty Advisors118 East 28th Street
Suite #901New York, NY 10016
Phone: (212) 972-7457Fax: (212) 686-0078www.exp1031.com
Our Team
Robert P. JamesPresident
Phone: (212) 972-7457Email: [email protected]
Daniel de Sa‘Director of Sales
Phone: (212) 972-7457E-mail: [email protected]
Radius 3 Mile 5 Mile 10 Mile
Population:
2019 Projection 20,681 21,708 26,129
2014 Estimate 20,667 21,683 26,166
2010 Census 20,556 21,536 26,193
Growth 2014-2019 0.07% 0.12% (0.14%)
Growth 2010-2014 0.54% 0.68% (0.10%)
2014 Population Hispanic Origin 770 783 846
2014 Population by Race:
White 17,790 18,761 23,173
Black 1,707 1,723 1,735
Am. Indian & Alaskan 49 53 69
Asian 678 694 711
Hawaiian & Pacific Island 4 4 4
Other 439 448 474
Households:
2019 Projection 8,093 8,520 10,363
2014 Estimate 8,088 8,511 10,382
2010 Census 8,037 8,447 10,398
Growth 2014 - 2019 0.06% 0.11% (0.18%)
Growth 2010 - 2014 0.93% 1.14% 0.19%
Owner Occupied 3,700 4,052 5,543
Renter Occupied 4,388 4,459 4,839
2014 Avg Household Income $44,877 $46,119 $47,641
2014 Med Household Income $28,880 $30,045 $33,160
2014 Households by Household Inc:
<$25,000 3,593 3,652 4,070
$25,000 - $50,000 1,934 2,029 2,635
$50,000 - $75,000 999 1,081 1,496
$75,000 - $100,000 750 852 1,110
$100,000 - $125,000 358 413 494
$125,000 - $150,000 243 255 296
$150,000 - $200,000 112 123 167
$200,000+ 102 106 115
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.