Wendy’s 20 Year NNN Lease | Established Location with Very Strong Sales

109 Thomas Rd, West Monroe, LA 71291, USA
$2,983,911

Description

Marcus & Millichap is pleased to present for sale this Wendy’s Fast Food Restaurant located at 109 Thomas Road in West Monroe, Louisiana. At closing, the tenant will sign a 20-Year Absolute NNN Lease with 7.5 percent increases in rent every five years. This Wendy’s is located only a few minutes from the Major Industrial Hub of West Monroe including Louisiana Plastics which is the leading supplier to the plastics industry, Madison Industries, which is the leading provider of America’s pulp and paper industry, Grainger Industrial Supply, Ruston Industries and Caraustar Industries. This property is located near the 225th Engineer Brigade, the largest engineering formation brigade of the U.S. Army National Guard. Retailers in the immediate area include Chase Bank, Legends Pharmacy, Iberia Bank and Cross Keys Bank.
West Monroe is a city in Ouachita parish, Louisiana situated on the Ouachita River across from its neighboring city of Monroe. West Monroe and Monroe are called The Twin Cities of Northeast Louisiana and a population of 13,065.
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 20-Year NNN Lease with 7.5% Increases in Rent Every 5 Years
  • Complete Store Remodel in 2017
  • Strong Store Sales | Well Above National Average | Healthy Proposed Rent to Sales Ratio
  • Very Strong Guarantee – 150+ Unit Holding Company
  • Next to Glenwood Medical Center, a 278 Bed State of the Art Hospital | Numerous Medical Tenants
  • Across the Street from Glenwood Medical Mall
  • Minutes from Industrial Hub Including Louisiana Plastics, Madison Industries, Grainger Industries
  • Wendy’s is considered an Essential Tenant

Property Documents

  • City: West Monroe
  • State/county: Louisiana
  • Zip/Postal Code: 71291
  • Country: United States

Detail

  • Price: $2,983,911
  • Year Built: 2017

Additional details

  • CAP RATE: 5.00%
  • NOI: $149,196

Features