Wendy’s Real Estate for Sale: An Investor’s Guide to Buying a Good NNN Fast-Food Property

Wendy’s Real Estate for Sale: An Investor’s Guide to Buying a Good NNN Fast-Food Property

You’re considering Wendy’s real estate for sale as an investment property. That’s a smart decision! Wendy’s is a well-known and popular fast-food chain that has been around for years. They have a strong brand name and a good reputation.

However, like buying any other type of commercial property, you should still do your due diligence to ensure you are investing in the right Wendy’s triple net lease (NNN) outlet.

This guide will help you make the best decision possible for your needs and goals.

About Wendy’s

Wendy’s is an American fast-food chain founded and established by Dave Thomas in 1969 in Columbus, Ohio. As of March 2019, Wendy’s was the world’s third-largest hamburger fast-food chain with over six thousand locations, following McDonald’s and Burger King.

A Wendy’s restaurant is typically either company-owned or franchised to independent operators who lease space from Wendy’s.

With ideally located outlets all over the US, Wendy’s is one of the most lucrative NNN fast food properties for sale in the country today. The company’s triple net lease terms are usually 20 years with four, five-year renewal options.

Wendy’s Franchise Requirements

Before you start with your investment, it would help to know first the requirements of buying a Wendy’s franchise for sale. This way, you will know the legalities behind the business even if you are buying a property with an existing tenant.

For starters, Wendy’s looks for single and multi-unit franchisees with a net worth of at least $500,000. Of that amount, liquid assets must be at least $250,000. Wendy’s charges a $40,000 initial franchise fee along with a six percent ongoing royalty fee on gross sales.

Apart from that, you would also be required to take some form of training to orient you with Wendy’s culture, operations, and marketing.

Now that you know the basics about Wendy’s and what they are looking for in their franchisees, let’s move on to how you can find the best Wendy’s real estate for sale for your requirements.

Buying a Wendy’s Real Estate for Sale: Important Factors to Look Into

When looking at Wendy’s real estate for sale, there are a few essential things you should keep in mind.

  • Location
  • Condition of the Property
  • Cap Rate
  • Rent Amount and Lease Terms
  • Remaining Lease
  • Exit Strategy


Where the property is located is key when it comes to any commercial property investment, but it’s especially important with fast-food chains. Wendy’s NNN properties are typically located in high-traffic areas, such as near highways, at busy intersections, or inside retail centers. However, there are outlets that are better situated than others.

During your search, check if the Wendy’s you’re considering has high visibility. The property should also have a good amount of parking, offers easy access for customers, and be close to other anchor businesses and amenities.

Moreover, you should also look into the demographics of the area. Wendy’s typically does well in areas with a high population density of families and young adults.

Condition of the Property

Wendy’s has strict requirements for its franchisees when it comes to the appearance and upkeep of its restaurants. However, you should keep in mind that not all outlets are the same. Some are older than others.

So, pay attention to the condition of the fast-food building for sale that Wendy’s is offering, as well as its surrounding property. Is it well-maintained? Are there any obvious repairs that need to be made? Or, is the building due for a remodel?

Keep in mind that Wendy’s may require you to make some changes or updates to the property, even if it’s in good condition. These requirements may be outlined in your lease agreement.

Cap Rate

The capitalization rate (cap rate) is one of the most important things to look at when buying NNN properties because it will give you an idea of how much return on investment (ROI) you can expect from the property. And, the best NNN properties to buy are those with high cap rates.

Wendy’s NNN properties typically have a higher cap rate than other types of commercial investments because they are considered to be low-risk. For example, a Wendy’s triple net lease might have a cap rate of six percent, while a standard office building might have a cap rate of four percent.

To calculate the cap rate of an existing Wendy’s restaurant for sale, you can use the following formula:

Cap Rate = Net Operating Income / Purchase Price

For example, if a Wendy’s NNN property has a net operating income of $100,000 and it is being sold for $500,000, the cap rate would be calculated as follows:

$100,000 / $500,000 = 0.20 or 20%

This means that the property has a 20 percent return on investment.

Rent Amount and Lease Terms

Wendy’s NNN leases typically have a base rent plus a percentage of sales, which is known as the “percentage rent“.

For example, if the base rent is $20,000 per month and the percentage rent is five percent of monthly sales, the tenant is expected to pay $25,000 in rent if monthly sales are $500,000.

It’s important to know how much you can expect to receive in rent so that you can know how much returns you will earn.

With regards to lease terms, they can also vary from property to property. Wendy’s leases typically cover 20 years, but they can be shorter or longer depending on the age of the property and the market conditions.

It’s important to review the lease terms carefully so that you know what you’re responsible for as the landlord. For example, Wendy’s may also require you to make repairs or updates to the property during the lease term.

Remaining Lease

This is especially important if you are buying an NNN property, as the tenant could already be halfway through their lease.

When looking at Wendy’s real estate for sale, be sure to check how much time is left on the lease. If there are only a few years remaining, you may want to talk about the renewal terms. Remember, it can take time to find new tenants, so you want to make sure that you’re not left with vacant property not long after you purchased it.

You should also be aware of any options the tenant has to extend their lease or purchase the property. These things can affect your ROI and should be taken into consideration when making an offer on a Wendy’s NNN property.

Exit Strategy

It’s important to have an exit strategy before you even make an offer on any Wendy’s real estate for sale. This will help you know what price to offer and how much money you need to invest in order to reach your goals.

Are you looking to sell the property in a few years? Are you planning to hold onto it for the long term? Either way, you need to have a plan in place so that you can make the most of your investment.

Each of these factors is important and will play a role in your decision. By taking the time to do your research, you can rest assured that you’re making a wise investment decision.

Where to Find Good Wendy’s Restaurants for Sale

The best way to find Wendy’s triple net leases for sale is by using an online listing that specializes in these properties, such as the one you will find here, https://www.buynnnproperties.com/wendys/. This website includes a variety of properties that are currently for sale. You can use the search feature to narrow down your options by location, price, and more.

When you find a property that you’re interested in, simply click on the listing to get more information. This will include details, such as the address, square footage, cap rate, lease terms, and more.

You can also contact the listing agent directly from the website to ask questions or schedule a showing.


Buying a Wendy’s restaurant can be a great investment for those looking to earn passive income. By following the tips in this article, you can be sure that you’re making a wise decision when purchasing Wendy’s real estate for sale. With careful research and due diligence, you can find the perfect property to suit your needs and goals.

If you’re interested in learning more about real estate investing, feel free to check out the other articles on our website!

Marisa Lascala

Marisa Lascala is a admin of https://meregate.com/. She is a blogger, writer, managing director, and SEO executive. She loves to express her ideas and thoughts through her writings. She loves to get engaged with the readers who are seeking informative content on various niches over the internet. meregateofficial@gmail.com