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Wendy's

QSRThe Wendy's Co.NASDAQ: WEN
Avg cap rate (T12)
Being compiled
S&P
B+
Moody's
NR
U.S. units
5,969
Typical lease
Franchisee; 20 yr abs. NNN, 1.5% / yr

Ratings and unit counts come from public sources (agency ratings, company filings, trade press) as of Oct 14, 2026, believed reliable but not independently verified. A rating may belong to a parent company rather than the entity that signs or guarantees the lease. Typical lease terms are general market norms, not a valuation of any property. Do your own due diligence before any purchase, sale or lease. The Wendy's logo is a trademark of its owner, shown only to identify the tenant; no affiliation or endorsement is implied. Full disclosures

Recent headlines

  1. Oct 18, 2026
    Closing units
    Wendy’s closures update: newest list of locations as bankrupt franchisee shrinksFast Company
  2. Oct 14, 2026
    Earnings
    Wendy’s turnaround faces deeper closures as Jefferies cuts forecastsProactive financial news
  3. Oct 13, 2026
    Closing units
    Wendy's disappearing from Oklahoma as franchisee goes bankruptFort Worth Star-Telegram
  4. Feb 17, 2026
    Closing units
    Wendy's to close hundreds of restaurants as part of brand revitalization effortAtlanta News First
  5. Nov 17, 2025
    Closing units
    Wendy's to close hundreds of U.S. stores as low-income consumers cut backCBS News

Headlines are third-party reporting and link to the original publisher. Including a headline doesn't mean I or Marcus & Millichap were involved in any transaction mentioned.

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