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13524 N Rockwell Ave, Oklahoma City, OK, 73142

WENDY’S
Closed

Key Information

Tot. SF
2,161
Year Built
2021
Term Remaining
±16.5 YRS
Type
Retail

Highlights

INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease – Tenant is responsible for all expenses providing an investor with passive income for the next 16.5 years and zero landlord responsibilities.
  • High Foot Traffic – Property ranks in the top 86th percentile for Wendy’s nationwide and is the 3rd highest trafficked Wendy’s in Oklahoma City, seeing over 416,000+ annual visitors according to AlphaMaps.
  • Experienced Operator – Meritage Hospitality Group is the largest Wendy’s operator with 375+ locations nationwide ensuring financial stability and experienced management throughout ownership.
  • Attractive Annual Rental Increases – The lease is subject to CPI or 1.25% annual increases throughout the base term and option periods, providing an excellent hedge against inflation.
  • New Prototype Construction – Built in 2021, this Wendy’s location showcases the brand’s latest prototype design, reinforcing the operator’s long-term commitment to the site and enhancing customer appeal.
  • Strategic Highway Location – This location is strategically positioned off the John Kilpatrick Turnpike, benefiting from excellent egress/ingress and visibility with a traffic count of +60,000 vehicles per day.
  • Surging Development – A Walmart Supercenter is set to anchor this rapidly growing retail corridor, already home to Chick-fil-A, Club Car Wash, and 7-Eleven. Recent additions like Taco Bell, Panda Express, Starbucks, and Salad and Go, along with expanding single-family residential developments, continue to drive traffic and growth.
  • Expanding National Tenant – Wendy’s is pursuing aggressive growth, aiming to add 1,000 new locations and achieve $700 million in EBITDA. Approximately 80% of the brand’s largest franchisees are actively developing new sites. Wendy’s concluded 2024 with 5,933 U.S. locations and plans to add 300 domestic units and 700 international units by 2028, demonstrating strong brand momentum.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 180759 (OK)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203