Portfolio Diversification & Exchange for Wendy's Operator
Helped a 113-property Wendy's operator diversify, disposing of 17 units at a 5.15% average cap.
Tenant Advisory
A family office and longtime operator of a 113-property Wendy's portfolio across the Midwest engaged Century Partners to transition from the operations business toward the real estate business, shifting from an all-Wendy's holding into a diversified portfolio of single-tenant net leased assets. Century Partners also arranged competitive portfolio refinancing across ten properties, including additional non-Wendy's assets.
Century Partners disposed of 17 Wendy's properties in total. Seven transacted above $2.5M, with a high of $3.42M, a record for the client, and the average cap rate across all transactions was 5.15%. The seller used the proceeds to exchange into primarily single-tenant net lease properties.
Advisors
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