Just Closed! Wendy’s in D’Iberville, MS

Just Closed! Wendy’s in D’Iberville, MS

Investment Highlights:

■ Wendy’s 20-Year NNN Lease with 7.5% Increases Every 5
Years
■ Hard Corner Signalized Four Way Intersection | Large 3,067
Square Foot Restaurant on .92 Acres of Land
■ Located at the Entrance to a Wal Mart Supercenter and
Across the Street from a Lowe’s Home Improvement Center
■ The Biloxi-Gulfport Region of Mississippi is one of the
fastest growing areas on the Gulf Coast and is experiencing
tremendous Residential Growth.
■ Nearby Keesler Air Force Base which trains 40,000 Students
Annually Keesler Air Force Medical Facility the largest
Medical facility in the United States
■ Biloxi’s Gaming and Casino Resort Strip is short drive from
Property with Hard Rock recently completing $32 Million, 12
Story Tower with 154 Rooms
■ Wendy’s is considered an Essential Tenant

Investment Overview:

Marcus & Millichap is pleased to present for sale this Wendy’s
Fast Food Restaurant located at 3681 Sangani Blvd in D’Lberville,
Mississippi. At closing, the tenant will sign a 20-Year Absolute NNN
Lease with 7.5 percent increases in rent every five years. This 3,067
Square Foot Restaurant with Drive Thru is Situated on a Large .92
Acre Parcel at a hard corner signalized four way intersection. Located
at an entrance to a Wal Mart Supercenter, this property experiences
very high traffic counts which attributes to very strong and steady
sales. This property is located minutes from Promenade Shopping
Mall with 34 Stores and anchors including Target, Dick’s, Best Buy,
Kohl’s, Marshalls, Michaels, Old Navy and PetSmart. This property is
also a short driving distance from Keesler Air Force Base which trains
40,000 Students annually and is home to Keesler Air Force Medical
Facility, the largest medical facility in the United States. Retailers in the
immediate area include Wal Mart, Lowe’s PetSmart, Target, Michaels,
Best Buy, Marshalls and Kohl’s. D’Lberville is a city in Harrison County,
north of Biloxi and across Back Bay. With a population of 9,486, it
is part of the Gulfport-Biloxi Metropolitan Statistical Area and was
named after Canadian Explorer Pierre Le Moyne D’Iberville.
Wendy’s is an international fast food restaurant chain founded by Dave
Thomas on November 15, 1969, in Columbus, Ohio, United States. As
of January 2019, there were a total of 6,711 locations, including 353
that are company-owned. 6,358 restaurants are franchised, and 77
percent of them are located in North America. (In 2016, Wendy’s was
the world’s third largest hamburger fast-food chain, following Burger
King’s 12,000 plus locations and McDonald’s with over 31,000 plus
locations.)

 

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