Single Tenant Wendy's

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Wendy’s, (the “Property”) in Carrollton Georgia, a city located 40 miles southwest of Atlanta. Wendy’s operates on a triple-net (NNN) ground lease with over twelve and a half (12.5+) years of term remaining and a low rent of $95,000. The triple-net (NNN) lease structure allows for a completely hands-off passive form of ownership. The lease offers rental increases of ten (10%) percent every five (5) years throughout the base term and option periods. Wendy’s sits at the corner of a signalized intersection between Bankhead Highway (35,200 VPD) and Somerset Place where the property benefits from excellent visibility. Additionally, Wendy's is an outparcel to Carrollton Exchange, a shopping center which features other top restaurant chains such as LongHorn Steakhouse; the 19th most visited location within the LongHorn Steakhouse chain (Placer.ai). Carrollton is part of the Atlanta MSA, the 6th largest metro area in the United States and is home to a population of over 6.3 million people.

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. Wendy’s and its franchisees employ hundreds of thousands of people across over 7,000 restaurants worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand. Recently, Wendy’s extended their hours with the drive-thru being open until midnight and they now serve breakfast items. As of Q3 2024, Wendy’s restaurants continued to deliver sales growth with U.S. Systemwide sales totaling $3.14 billion for the quarter and maintaining overall traffic and dollar share in the QSR burger category. The company also reported total revenues of $566.7 million for the quarter, up 2.9% from the same period in 2023.