4910 Washington Ave Racine, WI 53406-4222

Property Details for 4910 Washington Ave

Year built

1983

Lot size

0.91 lot acres

Property size

2,800 SF

Zone code

B2

Property type

Drive through restaurants

APN

276 000013132019

APU

276000013132019

Description

This exceptional investment opportunity presents a 2,513 square foot Wendy's restaurant located at 4910 Washington Ave, Racine, WI 53406. The property sits on a 0.91-acre lot and boasts a strong 13.1-year remaining lease term with five, five-year renewal options, ensuring long-term stability. The lease is a triple-net (NNN) lease, meaning the tenant is responsible for all operating expenses, minimizing landlord obligations. The franchisee, Bridgeman Foods II Inc. (a subsidiary of Bridgeman Manna with over 150 locations), demonstrates financial strength and operational expertise. Built in 1983 and renovated in 2019, this single-tenant property benefits from exceptionally high store sales, approximately 75% above the national average, resulting in a 5.58% rent-to-sales ratio. The property's strategic location on Washington Avenue, a high-traffic area with combined daily traffic counts exceeding 28,928 vehicles, ensures high visibility and accessibility. The surrounding area features a robust retail environment, including national brands such as Walmart, Walgreens, Chick-fil-A, and more. The demographic profile is equally compelling, with an average household income within a five-mile radius of $68,643 and a population exceeding 125,700. The asking price is $4,170,000, representing a 5.25% cap rate and a price per square foot of $1,659.37. The property's Net Operating Income (NOI) is $219,000. This is a rare opportunity to acquire a high-performing, well-located Wendy's franchise in a thriving market.