December 7, 2022 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Wendy’s in Rutland, Vermont. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,900,000.
The Wendy’s is located at 21 N Main Street (US Route 7) in Rutland, Vermont. Wendy’s has been at this location since 1986 (35+ years) and has 16+ years remaining on their absolute triple-net lease with four (4), 5-year renewal options. Both the initial term and renewal options will feature attractive 10% rent increases every five years. The Property is well located along N Main Street adjacent to the signalized intersection of N Main Street (US Route 7) and Woodstock Avenue (US Route 4), the area’s primary commercial and commuter corridors. The Property benefits from excellent visibility and frontage and is surrounded by the area’s major retailers and shopping centers driving traffic to the area. Additionally, the Property is located in the center of Rutland, central Vermont’s economic hub with convenient access to the Rutland Regional Medical Center and Rutland’s Elementary, Middle and High Schools.
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.