Black of Horvath & Tremblay represents seller in $1.86 million sale of free-standing Wendy’s

August 07, 2018 - Upstate New York

Jamestown, NY Jeremy Black of Horvath & Tremblay completed the sale of a Wendy’s restaurant. Black represented the seller of a free-standing Wendy’s in Jamestown. The sale price was $1.868 million, with a 5.05% cap rate. 

Jeremy Black,
Horvath & Tremblay

Wendy’s has been in occupancy and operating at the property since 1999. In 2016, the tenant entered into a new 20-year lease term through March 2036. The absolute triple-net lease has 18+ years remaining with two, five-year tenant renewal options. The property is located on East 2nd St. (State Route 394) which serves as the primary roadway connecting downtown Jamestown with I-86 to the northeast.

Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.



Add Comment

More from the New York Real Estate Journal