Wendy’s 20 Year Master Lease | Mississippi Casino Resorts

12832 US-61, Robinsonville, MS 38664, USA
$4,045,714

Description

Marcus & Millichap is pleased to present for sale this Wendy’s Fast Food Restaurant and Convenience Store located in Robinsonville, Mississippi. The subject property consists of a 5,666 square foot building with a Wendy’s drive up window and ample parking on a large 3.81 Acre Parcel of land. The brand new 20 Year lease has varying increases every five year, including the four (five Year) options periods. The lease is backed by a 153 unit operating company. This Wendy’s is ideally positioned alongside the Shell Gas Station and is surrounded by numerous national retailers including Family Dollar, Waffle House, AutoZone, Rainbow and Subway among others.
The Mississippi Casino Resorts including: 1st Jackpot Casino Tunica, Caesar’s Horseshoe Tunica, Strike Casino and Westgate Casino which are all only minutes from this Wendy’s and attract over 14.2 Million out-of-state visitors per year and generate nearly $3 Billion in total revenue of which $2.119 Billion in gaming revenue and $776 Million, non-gaming revenue. These Casinos are known as the Tunica Resorts and is site to six Casino Resorts and at one time generated the third largest gambling revenues in the nation after Las Vegas and Atlantic City, New Jersey. Tunica Casinos draw visitors from Mississippi, Tennessee, Arkansas, Alabama, Missouri and Georgia to name a few.
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.)

  • Absolute NNN Wendy’s (No Landlord Responsibility)
  • Qualifies for Accelerated Depreciation (Speak to Accountant)
  • Very Strong Guarantee: $150 Million Net Worth Backing
  • New 20 Years Lease with rent increases during the base term of the lease and Four (5 Year) Renewal Options
  • Located Minutes from The Mississippi Casino Resorts which attract more than 14 million out of state visitors per year and generate nearly $3 Billion in Revenue
  • Signalized Intersection with Visibility to More than 21,358 Vehicles per Day
  • Situated on a Large 3.81 Acre Parcel of Land Immediately off the Highway 61 Exit

Property Documents

  • Wendys-Robinsonville-MS-om-ib
  • City: Robinsonville
  • State/county: Mississippi
  • Zip/Postal Code: 38664
  • Country: United States

Detail

  • Price: $4,045,714
  • Year Built: 2000

Additional details

  • CAP RATE: 5.25%
  • NOI: $212,400

Features