SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, franchisee guaranteed, drive-thru equipped, Wendy’s investment property located in Salina, Kansas. The tenant, Legacy Restaurant Group, LLC, has 19 years remaining in their initial lease term with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Legacy Restaurant Group, LLC has over 25 years of experience as a Wendy’s franchisee currently operating 53 locations, making them one of the top franchisees for Wendy’s in the state of Kansas. The location underwent a complete remodel in 2017 that features brand new, high-quality construction.

Wendy’s is located at the signalized, hard corner intersection of S. Ohio Street and Albert Avenue. The building is complete with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The property benefits from nearby direct on/off ramp access to Interstate 135 (24,200 VPD), the primary north/south freeway traveling through Salina. The site is located less than 1-mile northeast of Central Mall, a 604,800 SF regional shopping mall anchored by JOANN Fabrics, Old Navy, and Ross Dress for Less. Other nearby retail centers include Mid State Plaza (279K+ SF) and Southgate Plaza (60K+ SF), significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure for the site. The surrounding trade area is home to a variety of national/credit tenants including Dick’s Sporting Goods, Ashley HomeStore, Hobby Lobby, Kohl’s, Big Lots, Marshalls, Dillon’s Supermarket and more, further increasing consumer traffic to the trade area. Moreover, Wendy’s is within close proximity to apartment complexes The Ridge of Salina (296 units) and The Reserves at Prairie Glen (96 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by more than 48,000 residents and 32,000 daytime employees with an average household income of $65,000.