May 10, 2024 – Kyle Danielson and Hill Kanellos of Horvath & Tremblay have successfully completed the sale of Wendy’s in Savannah, Georgia. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,155,000.
Wendy’s is located at 11303 White Bluff Road in Savannah, Georgia. Constructed in 2017, the property is improved by a 2,526 square foot building on a 1.45-acre parcel of land. Wendy’s has a new 13+ years remaining on their Absolute NNN Ground Lease with eight (8), five-year renewal options and features attractive 5% rent increases every five years throughout the base term and at the start of each renewal option period. The property is extremely well located adjacent to the intersection of Wilshire Boulevard and White Bluff Road, one of the area’s primary commercial corridors. Wendy’s is adjacent to a Walmart Neighborhood Market and is close to numerous national retailers and restaurants, all of which drive significant traffic to the area. The Property is seconds from GA Route 204 and the Harry S Truman Parkway, and is close to area schools, 2-miles from Georgia Southern University, and 4.1-miles form Hunter Army Airfield, with more than 5,700 active military personnel. Additionally, the Property is surrounded by densely populated residential neighborhoods providing a built-in customer base.
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.