Wendy's Ground Lease

Wasco

Call for Details

4.75

CAP Rate

New 2024 Construction featuring Double-Drive Thru

from Bakersfield – High Anticipated Population Growth

to Interstate 5 and State Highways 99, 46, 43, and 58

Property details

Brand New 20-Year Corporate Ground Lease to Wendy’s
- Scheduled 10% Rental Escalations in Primary Term & Options
- No Landlord Maintenance Responsibilities
2024 Construction Featuring Drive-Thru Component on Large Lot
- Wendy’s Latest Global Next Gen Prototype
Located in the City’s Newest Development Anchored by Grocery Outlet and Next Door to a New Dutch Bros Coffee
The Site Benefits from Weekend & Commuter Traffic Going to Paso Robles
Major Tenants in Surrounding Area Include Walmart Supercenter, McDonald’s, Starbucks, Taco Bell, Dollar Tree, Denny’s, Panda Express & More
Agricultural Community & Suburb of Bakersfield - Approximately 24 Miles Northwest
Wendy’s Digital Sales Grew 40% YOY in Q2 of 2024, Driven by $20M Investment in Digital Sales
- Company is Focusing Marketing Spending on Breakfast Offerings, Which It Anticipates May Outpace Lunch and Dinner Growth in 2024
Population of 28,487 with High Anticipated Population Growth
- Numerous New Housing Subdivisions are Under Construction
- Affordable Cost of Living and an Excellent Quality of Life are Fueling Population & Workforce Growth in the City
Exceptional Business Climate for Manufacturing, Value Added Agriculture and Logistics Operations
Conveniently Accessible to Interstate 5 and State Highways 99, 46, 43, and 58 - The City is within the Logistics Hub of Central California and the Entire Western Region

Listing leads

Putnam Daily

Managing Partner

CA RE Lic #01750064

Lindsey Snider

Senior Partner