PORTFOLIO DIVERSIFICATION & EXCHANGE FOR WENDY’S OPERATOR

Client Profile:

Family office and a longtime operator of 113-property portfolio of Wendy's restaurants located across the Midwest.

Strategy:

Client engaged Century Partners to assist them in transitioning from the operations business to the real estate business, and transition their portfolio from exclusively NNN Wendy's properties to a diversified portfolio of single-tenant net leased assets. Additionally, Century Partners provided competitive portfolio refinancing for a total of 10 properties (including additional non-Wendy's properties).

Outcome:

  • Disposed of a total of 17 Wendy’s properties.
  • Seven (7) properties transacted above $2.5M ($3.42M was highest on record for client).
  • The average cap rate across all transactions was 5.15%.
  • Seller used proceeds to exchange into primarily single-tenant net lease properties.

Untitled_design_2022_03_29_T130501_109_e80d5a3d3b
wendys_makes_changes_improve_quality_beef_supply_chain_51583cc993
Wendys_corporate_responsibility_report_2021_e421954989
2015_NGK_Exteriors_146_3_c1dbe683f6

More Case Studies

  • 1031-Exchange

1031 Exchange from Multi-Family to Multi-Tenant Retail

Outcome:

  • Century Partners sourced three (3) trophy-quality properties including (a) ATI + Blaze Pizza in Fishers, IN, (b) Cafe Rio & T-Mobile in Castle Rock, CO, and (c) Potbelly, ATI, & Noodles Co in St. Charle’s, IL. The properties were all sourced on an off-market basis through Century Partners’ national relationships.

View Case Study

1031 Exchange from Los Angeles Apartments | Industrial to Investment-Grade Credit Net Lease

Outcome:

  • Sourced a single-tenant Autozone in affluent Newbury Park, CA on an off-market basis and successfully restructured a long-term lease extension with the tenant prior to closing.
  • Sourced a single-tenant Del Taco in Allen Park, Michigan, and closed on the transaction prior to the tenant opening for business.
  • Procured long-term fixed-rate, non-recourse debt from life insurance companies for both transactions.

View Case Study
  • 1031-Exchange
Linkedin Youtube

©2024 Century Partners Real Estate, Inc. All rights reserved.

The information contained in this website is provided by Century Partners Real Estate, Inc. (Century Partners) for general purposes only. While we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or information, services, or relate graphics contained on the website for any purpose. Individual results may vary, and case studies or testimonials provided on the website are not claimed to represent the results you will achieve. Any reliance you place on such information is therefore strictly at your own risk. The use of this website or submission of any forms for communication with Century Partners or any Century Partners personnel does not establish a broker/agency relationship in the absence of a fully signed written contract. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.