27 Unit Wendys Portfolio

NC & VA

Multiple Locations

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Property Details

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Alpha Real Estate Advisors is pleased to exclusively offer the rare opportunity to acquire a portfolio of 27 Wendy’s Franchise locations (Operating Business Only) across North Carolina and Virginia. The franchise locations are largely concentrated in Central & Southern Virginia with 24 locations and the remaining 3 Locations just across the southern Virginia border in North Carolina. FOR MORE DETAILED INFORMATION REGARDING THE PORTFOLIO, PLEASE CONTACT DEVIN FLEMING.

Lease Term

N/A

Lot Size

26.27 Acres

Building Size

78607 SQ FT

Lease Structure

N/A

Investment Details

RARE OPPORTUNITY TO GAIN ACCESS TO DOMINANT, PREMIER QSR FRANCHISE

Stabilized Portfolio of Operations with a seasoned in-place Management team provides an attractive “plug and play” opportunity ripe for Private Equity Investors interested in penetrating an exclusive franchise brand with a critical mass of stores.

VALUE-ADD PURSUITS & FUTURE GROWTH CATALYSTS

Return of Dine-In: The vast majority of stores have been limited to drive-thru only, due to the Covid-19 Pandemic, potentially providing future upside to Buyer capturing revenue growth with the return of dine-in customers.
Wendy’s CEO Todd Penegor stated that [System-wide] Wendy’s restaurants with dining rooms open are getting 10% of their sales through those areas. That’s “a long ways away from where we were pre-COVID at about one-third of our mix being through the dining room,”
Breakfast: Currently makes up 7% of sales mix and Wendy’s anticipates breakfast to account for 10% by the end of 2022.
Digital Sales: 8% of Revenue in US -> Driven by growth in delivery and mobile orders
Q1 2021 US Systemwide Same-Store Sales advanced by 13.5% YOY driven triple D’s -> “Digital, Delivery and Drive-Thru” Performance.

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