Wendy’s is one of the largest quick service restaurant chains in the world, serving up hamburgers, chicken nuggets, wraps, salads, and of course their famous Wendy’s Frosty, since 1969. Behind their mantra of, “Fresh, never frozen, beef,” Wendy’s has been able to climb to one of the most popular and recognizable brands. Wendy’s offer a variety of different leases but on average they are 20-year terms with rent escalations of 10% every 5 years.