Wendy’s 20-Year NNN Fee Simple Lease

4920 I-55, Jackson, MS 39211, USA
$3,243,266

Description

Marcus & Millichap is pleased to present for sale this Wendy’s Fast Food Restaurant located at 4920 I-55 North in Jackson, Mississippi. At closing, the tenant will sign a 20-Year Absolute NNN Lease with 7.5 percent increases in rent every five years. Situated as an outparcel to a Kroger Supermarket Anchored Shopping Center, this property has excellent visibility to Interstate-55 with exposure to more than 102,00 Vehicles Per Day. This property is located Minutes from University of Mississippi Medical Center with 722 Beds and Saint Dominic Hospital with 535 Beds . Also nearby is McWillis Elementary School with 445 Students. Retailers in the immediate area include Office Depot, Walgreens, U.S.P.S., Kroger and Books-A-Million.
Jackson is the capital city of Mississippi and encompasses the Mississippi freedom Trail which runs through the city and includes a number of historic sites.
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.)

  • Wendy’s Fee Simple Asset with Drive Thru
  • 20 Year Absolute NNN Lease with 7.5% Increases Every 5 Years in Rent
  • Very Strong Sales | Well Above National Average | Speak to Listing Agents for Details
  • Outparcel to a Kroger Supermarket Anchored Shopping Center
  • Direct Exposure to I-55 | More than 104,000 Vehicles Per Day
  • Located Minutes from University of Mississippi Medical Center with 722 Beds and St. Dominic Hospital with 535 Beds
  • Several Colleges in Immediate Vicinity including Holmes Community College with 5,678 Students; Belhaven College with 4,245 Students and Millsaps College with 985 Students
  • Wendy’s is considered an Essential Tenant

Property Documents

  • City: Jackson
  • State/county: Mississippi
  • Zip/Postal Code: 39211
  • Country: United States

Detail

  • Price: $3,243,266
  • Year Built: 2015

Additional details

  • CAP RATE: 5.00%
  • NOI: $162,163

Features