Wendy’s NNN on Route 66
The subject site is located along Historic Route 66 near the intersection of Central and San Mateo. The site is positioned in the middle of a very dense population base (112K in 3-mi), 1.5 miles from Sandia National Labs/Kirkland AFB, and 1.3 miles from the University of NM main campus. Prominent tenants immediately adjacent to the subject site include: Walmart Supercenter, Walgreens, Dollar Tree, Melrose, PepBoys, Advanced Auto, Carl' s Jr, Dion' s, and Taco Tote. In addition, NM Tax & Revenue, Bank of the West, US Army, US Post Office, all have large offices within .25 miles of the property.
Central Ave is undergoing a major revitalization with a new $120M public transportation project currently underway (A.R.T. Albuquerque Rapid Transit). The City of Albuquerque sees this project as a vital catalyst to create new jobs, new business, and new residential projects along Central. There have already been several new projects kicked off in the immediate trade area that will continue to revive this historic corridor.
This is a very established location for Wendy' s, which has been open for over 30 years at the site. The franchisee has seen significant increases in sales volumes from the other stores they have remodeled in Albuquerque, all of which have increased by 10-15% immediately. The
franchisee plans to complete the IA Remodel of this store by the end of 2017.