February 20, 2024 – Brad Canova of Horvath & Tremblay has successfully completed the sale of Wendy’s in Sandy, Utah. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,945,000.
Wendy’s is located at 9286 South 700 East in Sandy, Utah. The stand-alone building with drive-thru consists of 2,928 square feet and sits on a 0.47-acre lot. Wendy’s has a long operating history at the location and has continuously exercised their renewal options, demonstrating their commitment to the site and the market. Wendy’s has 4+ years remaining on their Triple Net Lease with one (1), 5-year renewal option. The lease calls for an attractive 15% rent increase at the start of their remaining renewal option. The Property is well located along South 700 East, one of the area’s primary commercial corridors, and is 1-mile from US Route 89 and 1.8-miles from Interstate 15. Wendy’s is surrounded by national retailers and restaurants that drive traffic to the area and is surrounded by densely populated residential neighborhoods providing a built-in customer base. Sandy is located about 14-miles south of Salt Lake City.
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.