Secure Net Lease Closes Wendy’s Sale in South Carolina
Todd Lewis Leads Smooth Transaction with 1031 Exchange Buyer
Secure Net Lease, a nationally recognized brokerage firm, has successfully closed the sale of a Wendy’s property located in Orangeburg, South Carolina. The asset was purchased by a private investor from Colorado executing a 1031 exchange. The transaction offered exceptional value for the buyer and demonstrated Secure Net Lease’s continued execution in identifying attractive net lease opportunities.
Todd Lewis, who facilitated the transaction, shared, “The Wendy’s deal in Orangeburg was a really great one. It had a strong cap rate, and we ended up selling it to a 1031 exchange buyer. Everything went smoothly, and the buyer was a pleasure to work with.”
This 2,262-square-foot quick-service restaurant is strategically located on a high-visibility corridor with strong surrounding demographics. Orangeburg County has a population of 85k+ people and is conveniently located 37 miles southeast of Columbia, SC and 75 miles east of Charleston, SC. Wendy’s, one of the largest and most recognizable fast-food brands in the U.S., continues to demonstrate resilience and strong market presence. This location’s long-term lease and solid tenant profile made it especially appealing to passive investors seeking dependable cash flow in the retail net lease sector.
“Our client was really happy with how it turned out. Plus, the deal included some extra signage income, which made it even better” Lewis concluded. The transaction highlights Secure Net Lease’s ability to match well-qualified buyers with stable, income-generating properties in markets nationwide.
Wendy’s is one of the most recognizable fast-food chains globally, and is the fifth largest QSR brand in the U.S. with $2.19B in revenue. It has over 6,200 locations across the world that employ over 56,000 people. They are known for its square hamburgers, sea salt fries, and signature Frosty desserts. It emphasizes fresh, never-frozen beef and offers a variety of sandwiches, salads, and sides.
About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term
