One Liberty Gobbles Up 3 Wendy’s Restaurants

Long Island Business News:

A wholly-owned subsidiary of Great Neck-based One Liberty Properties acquired three Wendy’s restaurant locations in Pennsylvania for $3.84 million in a sale/leaseback transaction.

The lease is for an initial 20 year term with a nine year renewal option. The unnamed seller is a franchisee and operator of more than 100 Wendy’s restaurants, according to a company statement.