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719 S Lemay Ave, Fort Collins, CO, 80524

Wendy’s
$2,597,000

Key Information

Cap Rate
6%
$ per SF
$789
Tot. SF
3,289
Year Built
2007
Term Remaining
±17.8 YRS
Type
Retail
Occupancy
100%
NOI
$155,808

Highlights

  • Proven Long-Term Location: The property has operated continuously as a Wendy’s for over 30 years, demonstrating exceptional site durability and long-term brand commitment, while maintaining average sales well above the national average over the past five years.
  • Recent Early Lease Extension: The tenant recently extended the lease term early, adding ten (10) additional years to the base term and securing guaranteed income through 2043, signaling strong unit-level performance and long-term operational commitment.
  • Absolute NNN Lease Structure: The site operates under an Absolute NNN lease with zero landlord responsibilities, offering a completely passive investment opportunity.
  • Strong, Experienced Operator: The store is operated by AKSAN United Fortunes Inc. (29 units), a subsidiary of AKSAN Enterprises, a 74-unit, multi-state Wendy’s franchisee headquartered in Denver with operations across Colorado, Wyoming, Oregon, and Washington.
  • High Traffic Location: The property is positioned along Lemay Ave with traffic counts exceeding 24,000 vehicles per day and benefits from additional visibility via nearby Riverside Ave, which sees over 15,000 vehicles per day.
  • Proximity to Colorado State University: The location sits within 2.5 miles of Colorado State University, the second-largest university in the state, with over 35,000 students and 1,700 faculty members.

Photos

Location

Agents

Broker of Record

Brayden Conner

License # EC.100099522, ER.100106933 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203