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Wendy's 6335 Allentown Rd

3,280 SF Retail Building Temple Hills, MD 20748 $3,709,382 CAD ($1,130.91 CAD/SF) 6% Cap Rate

INVESTMENT HIGHLIGHTS

  • Recent Lease Extension
  • Attractive Rent Increases
  • Corporate Operator
  • Store Renovation
  • Zero Management Responsibilities
  • Strategic Retail Location

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Wendy’s Investment Property located at 6335 Allentown Road in Camp Springs, Maryland (the “Property”). Wendy’s has been at this location since 2005, and in 2024, the Tenant executed a long-term extension, demonstrating their commitment to the site and the market. Wendy’s has 10 years remaining on their corporate Absolute NNN lease with four (4), 5-year renewal options. The lease calls for attractive rent increases every five years throughout the primary lease term and at the start of each renewal option. Wendy’s is situated in an excellent location along Allentown Road (VA Route 337), the area’s primary commercial corridor. The Property enjoys outstanding frontage and visibility and is seconds from the junction with Branch Avenue (VA Route 5) which sees more than 122,000 vehicles per day. Wendy’s is part of a commercial pocket that is home to numerous national and local retailers and businesses that drive traffic to the area and densely developed residential neighborhoods that provide a built-in customer base. The Property enjoys convenient access to Joint Base Andrews, a major military installation that serves as a significant economic driver in the area, providing jobs and attracting businesses that cater to military personnel and their families. The Property is also close to MedStar Southern Maryland Hospital Center, Interstate 495 and is just 8 miles from Washington, D.C.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,280 SF
Building Class
C
Year Built
1997
Price
$3,709,382 CAD
Price Per SF
$1,130.91 CAD
Cap Rate
6%
NOI
$222,563 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.16 AC

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • -
  • -
  • Net
  • Feb 2025

Wendy's® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is Wendy's Recipe®,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty® dessert. The Wendy’s Company is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company’s support of the Dave Thomas Foundation for Adoption® and its signature Wendy’s Wonderful Kids® program, which seeks to find every child in the North American foster care system a loving, forever home. Today, Wendy’s and its franchisees employ hundreds of thousands of people worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services - - Net Feb 2025

NEARBY MAJOR RETAILERS

Truist Bank
Starbucks
Giant Food of Landover
America's Best Wings

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-3068277
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,994,411 CAD
  • Listing ID: 34949759

  • Date on Market: 2025-02-26

  • Last Updated:

  • Address: 6335 Allentown Rd, Temple Hills, MD 20748

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