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Wendy's 6335 Allentown Rd 3,280 SF Retail Building Temple Hills, MD 20748 $2,583,333 ($787.60/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

Recent Lease Extension
Attractive Rent Increases
Corporate Operator

Store Renovation
Zero Management Responsibilities
Strategic Retail Location

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Wendy’s Investment Property located at 6335 Allentown Road in Camp Springs, Maryland (the “Property”). Wendy’s has been at this location since 2005, and in 2024, the Tenant executed a long-term extension, demonstrating their commitment to the site and the market. Wendy’s has 10 years remaining on their corporate Absolute NNN lease with four (4), 5-year renewal options. The lease calls for attractive rent increases every five years throughout the primary lease term and at the start of each renewal option. Wendy’s is situated in an excellent location along Allentown Road (VA Route 337), the area’s primary commercial corridor. The Property enjoys outstanding frontage and visibility and is seconds from the junction with Branch Avenue (VA Route 5) which sees more than 122,000 vehicles per day. Wendy’s is part of a commercial pocket that is home to numerous national and local retailers and businesses that drive traffic to the area and densely developed residential neighborhoods that provide a built-in customer base. The Property enjoys convenient access to Joint Base Andrews, a major military installation that serves as a significant economic driver in the area, providing jobs and attracting businesses that cater to military personnel and their families. The Property is also close to MedStar Southern Maryland Hospital Center, Interstate 495 and is just 8 miles from Washington, D.C.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

3,280 SF

Building Class

Year Built

1997

Price

$2,583,333

Price Per SF

$787.60

Cap Rate

NOI

$155,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.06

Lot Size

1.16 AC

MAJOR TENANTS

Accommodation and Food Services
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Triple Net
Feb 2025

Wendy's® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is Wendy's Recipe®,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty® dessert. The Wendy’s Company is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company’s support of the Dave Thomas Foundation for Adoption® and its signature Wendy’s Wonderful Kids® program, which seeks to find every child in the North American foster care system a loving, forever home. Today, Wendy’s and its franchisees employ hundreds of thousands of people worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand.