Wendy’sExclusive | Listing Stuart, FL Offering Memorandum Wendy’s | Stuart, FL Representative Photo PATRICK NUTT ROBERTO SUSI MANAGING PARTNER PRINCIPAL (954) 302-7365 (305) 932-8550
[email protected] [email protected] CALKAIN.COMCALKAIN.COM www.axiom-cap.com 1 Wendy’s | Stuart, FL Offering Memorandum Rent Schedule Financial Summary Term Increases Annual Rent Monthly Rent 7/1/2008 - 6/30/2013 - $112,000.00 $9,333.33 726 SW Federal Hwy | Stuart, FL 34994 7/1/2013 - 6/30/2018 7% $119,840.00 $9,986.67 Asking Price $1,973,000 | Cap Rate 6.50% 7/1/2018 - 12/18/2023 7% $128,228.80 $10,685.73 12/19/2023 - 12/18/2028 7% $137,204.81 $11,433.73 (Option 1) Net Operating Income (NOI) $128,228.80 (as of 7/1/2018) 12/19/2028 - 12/18/2033 7% $146,809.14 $12,234.10 Rent/Month $10,685.73 (Option 2) 12/19/2033 - 12/18/2038 7% $157,085.77 $13,090.48 Rentable Square Feet 3,046+/- SF (Option 3) 12/19/2038 - 12/18/2043 Land Area 0.67+/- Acres 7% $168,081.77 $14,006.81 (Option 4) Tenant Starboard Group of Space Coast, LLC Credit Rating S&P: B Investment Highlights Stock Symbol Nasdaq: WEN • Large 180 unit franchisee operator • Adjacent to Publix anchored shopping center Guarantor Franchisee (Starboard Group) • Hard corner location at lighted intersection Ownership Type Fee Simple Lease Type NNN Landlord Responsibilities None Store Opened 1995 Lease Term Remaining 5+ Years Lease Expiration December 18, 2023 Increases 7% Every 5 Years Options Four (4), Five (5) Years Actual Site 2 Wendy’s | Stuart, FL Offering Memorandum Tenant Overview About Wendy’s Company Wendy’s At A Glance The Wendy’s Company (Nasdaq: WEN) is the #2 hamburger chain in the US behind #1 Restaurants Worldwide McDonald’s and just in front of #3 chain Burger King.