Description
Marketing Description
Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 685 North Delsea Drive, Glassboro, NJ 08028. The property consists of approximately 3,000 square feet of building space and is situated on roughly 1.38 acres of land. The Wendy’s will be subject to a 15-year absolute triple net (NNN) sale-leaseback, which will commence upon the close of escrow. The lease will be subject to 1.50% rental increases annually, which will continue through the eight, five-year tenant renewal option periods.
Investment Highlights
- Strong Traffic Counts | N. Delsea Drive and Mullica Hill Road | 26,659 and 17,704 Vehicles Respectively Per Day
- Strong Demographics | Over 101,000 Individuals Within a Five-Mile Radius
- Compelling Location Fundamentals | Rowan University within One Mile of Subject Property | Total Enrollment Exceeding 14,000 Students
- Strong Real Estate Fundamentals | Located 24 Miles from Philadelphia and 35 Miles from Wilmington
- Nationally Growing Brand; Expansion into Key Markets
- Positioned In Dense Retail Corridor
