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CONFIDENTIALITY DISCLAIMER

This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the MAJ Commercial Real Estate affiliate or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

MAJ COMMERCIAL REAL ESTATE

MAJ Commercial Real Estate is excited to present an investment opportunity to acquire a single-tenant ground lease property in Bremerton, WA. This property is leased to Wendy’s on a brand new 20-year initial term that commenced on March 22, 2024. The lease features a 10% rent increase every five years, including during the tenant’s option periods, ensuring a steady and growing income stream. Situated within the newly revitalized Bremerton Station Shopping Center, Wendy’s benefits from a high-traffic location with prominent co-tenants such as Floor and Décor, Planet Fitness, Grocery Outlet, Chipotle, and Wilco.

LEASE SUMMARY

LEASE GUARANTOR: Burger Management Systems

Washington, Inc. dba WTCWEND

PARENT COMPANY: SMS Holdings

NUMBER OF LOCATIONS: 95 +/-

HEADQUARTERS: Nashville, TN

WEBSITE: www.WTCVentures.com

PROPERTY ADDRESS:

4300 Wheaton Way

Bremerton, WA, 98310

GUARANTOR:

Burger Management Systems Washington, Inc. dba

WTCWEND

OWNERSHIP TYPE: Ground Lease

LEASE TERM: 20-Years

EXTENDED TERMS: 4, 5-year Options

LEASE TYPE: Absolute NNN Ground Lease

LANDLORD RESPONSIBLE: None

Consumed by his love of hamburgers, Dave visited every hamburger stand he could find. When a friend mentioned that it was hard to get a good lunch in downtown Columbus, Dave saw an opportunity. On November 15, 1969, Dave Thomas opened the first Wendy’s Old Fashioned Hamburgers restaurant in Columbus, Ohio. His boyhood dream was coming true.

After trying all five of his children’s names for the restaurant, Dave decided on his daughter Melinda’s nickname - Wendy. He felt that the logo of a smiling, whole-some little girl with the name “Wendy’s Old-Fashioned Hamburgers” would be the place where you went for a hamburger the way you used to get them, with fresh beef. Dave wanted Wendy’s to be a place to get great food, made fresh and served by friendly people; a place that didn’t cut corners on quality. Wendy’s became known for square ground beef hamburgers that hang over the bun, made with the customer’s choice of toppings.

ADDRESS: 4300 Wheaton Way

Bremerton, WA, 98310

INVESTMENT HIGHLIGHTS

Located in an Income Tax Free State

STORE OPENING: March 22, 2024

BUILDING SIZE: +/- 2,364 SF

LAND SIZE: +/-18,447 SF

20-year Initial Term

Absolute NNN Leased Investment

Site benefits from significant foot traffic and visibility within the shopping center

Ranked within Top 5 QSR’s

Wendy’s ranks as one of the top quick-service restaurants (QSRs) in the United States, holding a strong position in both sales and unit count. According to recent reports, Wendy’s is ranked fifth in U.S. system-wide sales, with $11.7 billion in revenue for 2022, trailing only behind McDonald’s, Starbucks, Chick-fil-A, and Taco Bell. This places Wendy’s among the top-performing fast-food brands in the industry (QSR Magazine) (Visual Capitalist).

In terms of brand value, Wendy’s is also highly regarded, ranking fifth in the 2024 Brand Finance Restaurants 25 report. The company’s robust financial performance, combined with its strategic initiatives such as the Global Next Gen prototype and increased digital integration, underscores its strong market position and growth potential (Brand Directory).

TAXES

TENANT RESPONSIBLE

These rankings highlight Wendy’s competitive edge in the fast-food sector, driven by its focus on innovation, customer experience, and strategic growth. https://www.qsrmagazine.com/growth/finance/ranked-the-top-50-fast-food-chains-in-america/

Real Estate Highlights

Wendy’s continues to focus on strategic expansion and optimization of its restaurant portfolio. The company’s Image Activation program and new restaurant development efforts are key components of its growth strategy. These initiatives aim to enhance the customer experience and drive sales growth across its global footprint. The company’s commitment to expanding its presence in key markets and upgrading existing locations underscores its long-term growth plans (IRWendys).

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SITE PLAN

Property Photos

BREMERTON STATION

National Financial Institution

Subject Property

Wheaton

BREMERTON STATION

BREMERTON WASHINGTON

A one hour ferry ride - or thirty minute fast ferry ride - from downtown Seattle, Bremerton is truly a beautiful City where guests enjoy the downtown Harborside area. It includes Kitsap Conference Center, two hotels, fine dining, coffee shops, cafes and the Port of Bremerton Marina with 220 permanent slips and 100 for visiting boaters. Stroll through the Arts District, Puget Sound Navy Museum, USS Turner Joy, Boardwalk, Harborside Fountain Park and PSNS Memorial Plaza all located near the ferry terminal.

Take a short walk across the Manette Bridge for more cafes and shopping. A few blocks north of downtown is Evergreen Rotary Park featuring the 9/11 Memorial and accessible playground. Gold Mountain Golf Course includes two 18 hole championship courses and disc golf is available at NAD Park. Our diversity has rewarded Bremerton with a thriving artistic and cultural community. Bremerton has nine unique neighborhoods with new affordable housing, excellent schools, 35 parks and many recreation programs.