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Wendy's Ground Lease 1495 CA-46

2,800 SF Retail Building Wasco, CA 93280 $3,655,655 CAD ($1,306 CAD/SF) 4.75% Cap Rate

Retail Space California Wasco 1495 CA-46, Wasco, CA 93280

Investment Highlights

  • Brand New 20-Year Corporate Ground Lease to Wendy’s with Scheduled 10% Rental Escalations in Primary Term & Options
  • Located in the City’s Newest Development Anchored by Grocery Outlet and Next Door to a New Dutch Bros Coffee
  • Exceptional Business Climate for Manufacturing, Value Added Agriculture and Logistics Operations
  • 2024 Construction Featuring Drive-Thru Component on Large Lot
  • Population of 28,487 with High Anticipated Population Growth
  • No Landlord Maintenance Responsibilities

Executive Summary

The subject property is located on highly visible Paso Robles Highway (18,600 AADT) at the northwest corner of Birch Avenue, in close proximity to California State Route 43. Paso Robles Highway is the main retail throughfare serving the entire city of Wasco and home to many national retailers. The site benefits from growing demographics with a total population of 28,487 within the city and a projected population growth rate of 9.31%. Average household income is $68,122 within five miles from the site. The property is located in the city’s newest development anchored by Grocery Outlet and next to a new Dutch Bros Coffee. Major Tenants in Surrounding Area Include Walmart Supercenter, McDonald’s, Starbucks, Taco Bell, Dollar Tree, Denny’s, Panda Express and more.
The site benefits from weekend and commuter traffic going to Paso Robles and is within the logistics hub of Central California and the entire western region given it accessibility to Interstate 5 and State Highways 99, 46, 43, and 58.

Property Facts

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,800 SF
Building Class
B
Year Built
2024
Price
$3,655,655 CAD
Price Per SF
$1,306 CAD
Cap Rate
4.75%
NOI
$173,644 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.47 AC

Amenities

  • Drive Thru
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Nearby Major Retailers

Dutch Bros
Grocery Outlet
Denny's
Krispy Krunchy Chicken
Starbucks
Anytime Fitness
U.S. Bank
(510) 289-1166

Contacts

  • Listing ID: 31610964

  • Date on Market: 2024-04-25

  • Last Updated:

  • Address: 1495 CA-46, Wasco, CA 93280

The Retail Property at 1495 CA-46, Wasco, CA 93280 is currently available for sale. Contact Fisher James Capital for more information.

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Wendy's Ground Lease | 1495 CA-46
(510) 289-1166 x

Wendy's Ground Lease | 1495 CA-46

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Putnam Daily

(510) 289-1166

(510) 289-1166

Lindsey Snider

(831) 566-6270

(831) 566-6270

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