Wendy's

Located approximately 50 miles north of Indianapolis, Kokomo is the county seat of Howard County and a key regional hub in north-central Indiana. Often referred to as the "City of Firsts" due to its legacy of innovation in the automotive and industrial sectors, Kokomo has evolved into a balanced economy supported by manufacturing, healthcare, education, and retail. The city is home to major employers including Stellantis (formerly Fiat Chrysler Automobiles), Haynes International, and Community Howard Regional Health, providing a strong employment base. In recent years, Kokomo has invested heavily in downtown revitalization, infrastructure improvements, and quality-of-life amenities, making it an increasingly attractive market for businesses and residents alike. With a population of around 58,000 residents, Kokomo offers the scale and infrastructure of a small city with the charm and affordability of a close-knit community. The area features established residential neighborhoods, a growing retail base, and convenient access to U.S. Route 31, the primary north–south artery connecting Kokomo to Indianapolis and South Bend.The Kase Group is pleased to present the opportunity to acquire a high-performing Wendy’s located in the established retail corridor of Kokomo, Indiana. The property is leased to Wendy’s of Bloomington, Inc., a seasoned regional operator, under a 20-year Absolute NNN lease that commenced in January 2017 and runs through January 2037. The lease features no landlord responsibilities and no renewal options, offering stable long-term income with minimal management. Positioned at the intersection of N Dixon Road (11,792 VPD) and W Sycamore Street (11,127 VPD), the site benefits from excellent visibility, strong frontage, and ease of ingress and egress. The property is surrounded by major national retailers and prominent regional shopping centers, including Markland Mall, Markland Plaza, Kokomo Town Center, and Kokomo Shopping Center. These destinations feature retailers such as Walmart, Sam’s Club, Target, Meijer, Aldi, PetSmart, JoAnn Fabrics, Big Lots, Planet Fitness, and Gabe’s, contributing to a strong and consistent consumer base.