NNN is Also Known as Net Net Net Lease or Triple Net Lease in The Commercial Real Estate Investment Market
Tuesday, March 20, 2012
Wendy's Dethroning The King
NNN Lease Market News
Wendy’s has dethroned Burger King as the country’s second-biggest hamburger chain.
Wendy’s edged out Burger King in U.S. sales volume for the first time last year since Wendy’s was founded in 1969, according to a report by the food industry research firm Technomic Inc. that is set to be released next month.
Wendy’s had sales of $8.5 billion in 2011, compared with $8.4 billion for Burger King. McDonald's remained far larger than both with $34.2 billion in sales.
The figures are based on Technomic’s estimates of systemwide sales at franchise and company-owned restaurants, rather than corporate revenue, which includes fees from franchise operators.
Worldwide, Burger King still has far more restaurants than Wendy’s and remains the second-biggest hamburger chain behind McDonald's.
http://www.washingtontimes.com
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