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.

More Case Studies

Trophy Asset Sold, Six Properties Acquired via 1031 Exchange | Achieved 40% Boost in Cash Flow

Outcome:

  • Client sold an underperforming asset, diversifying into six single-tenant properties with 20-year lease terms, increasing their cash flow by 40%.

MATCHMAKING A DEVELOPER & FUZZY’S

Outcome:

  • TESTIMONIAL: Century Partners has been instrumental to my company’s growth. They introduced several developers who could assist in structuring a strategic new store rollout plan. They have helped me grow at a faster velocity than going at it alone and have allowed me to stay out of the time-intensive real estate component and focus on running a stellar operations company.