Capital Pacific recently sold a Wendy’s restaurant located in Richmond, VA. The property featured a 20-year absolute NNN lease, guaranteed by the assets of a 10-unit LLC. The buyer was a private investor from the East Coast, represented by a broker from the Midwest. Our team worked cooperatively with the outside broker and we achieved exceptional pricing for our seller. This is one of four Wendy’s restaurant properties that we are currently selling for this operator, who operates 21 Wendy’s restaurants in Georgia and Virginia.
8.05.2011
Capital Pacific Sells One of Four Wendy's Restaurants
Capital Pacific recently sold a Wendy’s restaurant located in Richmond, VA. The property featured a 20-year absolute NNN lease, guaranteed by the assets of a 10-unit LLC. The buyer was a private investor from the East Coast, represented by a broker from the Midwest. Our team worked cooperatively with the outside broker and we achieved exceptional pricing for our seller. This is one of four Wendy’s restaurant properties that we are currently selling for this operator, who operates 21 Wendy’s restaurants in Georgia and Virginia.
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