March 7, 2025 – Kyle Danielson, Austin Smith and Ryan O’Rourke of Horvath & Tremblay have successfully completed the sale of a Wendy’s in Edgewood, Maryland. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $2,400,000.
Wendy’s is located at 1950 Pulaski Highway in Edgewood, Maryland. Wendy’s has been at this location since 2007, and in 2021 the location was transferred to Wend Baltimore North, LLC, a wholly owned subsidiary of Flynn Restaurant Group. Wend Baltimore North, LLC structured a new 21-year lease, demonstrating their commitment to the site and the market. Wendy’s has 17+ years remaining on their absolute triple-net lease with one (1), 5-year renewal option. The lease calls for attractive 1.25% annual rent increases throughout the base term and renewal option. Wendy’s is situated in an excellent location along Pulaski Highway (US Highway 40), the area’s primary commercial and commuter corridor. The Property enjoys outstanding frontage and visibility at a signalized intersection and is surrounded by local and national retailers that drive traffic to the area as well as densely developed residential neighborhoods that provide a built-in customer base. The Property enjoys convenient access to Interstate 95, MD Route 24, the Edgewood Train Station (service on the MARC), and the city’s municipal offices, several industrial parks, and area schools.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.