Wendy’s 20 Year NNN Lease | Hard Corner Signalized Four Way Intersection

3681 Sangani Blvd, D'Iberville, MS 39540, USA
$2,998,678

Description

Marcus & Millichap is pleased to present for sale this Wendy’s Fast Food Restaurant located at 3681 Sangani Blvd in D’Iberville, 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.)

  • 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

Property Documents

  • City: D'Iberville
  • State/county: Mississippi
  • Zip/Postal Code: 39540
  • Country: United States

Detail

  • Price: $2,998,678
  • Year Built: 2014

Additional details

  • CAP RATE: 5.00%
  • NOI: $149,934

Features