Wendy’s 20 Year NNN Lease | Memphis MSA | Upcoming Remodel

7985 Craft-Goodman Rd, Olive Branch, MS 38654, USA
$2,420,800

Description

Marcus & Millichap is please to present for sale this Wendy’s Restaurant with drive thru located at 7985 Craft-Goodman Road in Olive Branch, Mississippi. Olive Branch is a city in DeSoto County Mississippi with a population of more than 34,000 people and it is part of the Memphis Metropolitan Statistical Area with a population of 651,932. Memphis attracts millions of visitors annually and is home to three Fortune 500 Companies. From 1990 to 2010 Olive Branch was the fastest growing city in the United States with a growth rate of 838 percent. This growth is attributed to the exodus of large numbers of families from central Memphis.
Situated in close proximity to the Goodman Road Exit Eastbound off of US 78, this Wendy’s experiences traffic counts exceeding 30,000 Vehicles Per Day. This Wendy’s property is located in front of a Walmart Supercenter and is within walking distance of a recently constructed Hilton Garden Inn(121 Rooms), Towne Place Suites(95 Rooms) and Best Western Hotels(87 Rooms). There are several national retailers in the immediate area including The Home Depot, Lowe’s, Verizon, Dollar Tree and T Mobile, to name a few. This property is only 20 minutes from Memphis International Airport with over 400 flights per day, and only 10 minutes from Olive Branch Airport.
This Wendy’s Restaurant is located only 15 minutes from Southwest Tennessee Community College with 19,989 students enrolled. Only 10 minutes from Northwest Mississippi Community College with 7,618 enrolled students. Only 8 minutes from this Wendy’s is Olive Branch High School with 1,121 current students.
The Wendy’s Company (NASDAQ:WEN) is the world’s third largest quick service hamburger company. It includes more than 6,711 franchise and Company restaurants in the U.S. and in 29 other countries and U.S. territories worldwide. Its annual sales volume is over $2.06+ Billion.

  • Wendy’s 20 Year NNN Lease with 7.5% Rent Increases Every 5 Years
  • Excellent Intrinsic Value: 3,151 Square Foot Restaurant with Drive thru Situated on a large 1 Acre Parcel
  • Average Household Income Exceeds $102,000 in a One Mile Radius
  • Olive Branch is located in the Memphis MSA | Subject Property is 20 Minutes from Memphis International Airport
  • Located directly in front of a Walmart Supercenter and within Walking Distance of a Recently Constructed Hilton Garden Inn(121 Rooms), Towne Place Suites(95 Rooms) and Best Western Hotels (87 Rooms) (303 hotel Rooms)
  • From 1990 to 2010 Olive Branch was the Fastest Growing City in the United States with a Growth Rate of 838%
  • Wendy’s is Considered an Essential Tenant

Property Documents

  • City: Olive Branch
  • State/county: Mississippi
  • Zip/Postal Code: 38654
  • Country: United States

Detail

  • Price: $2,420,800
  • Year Built: 2000

Additional details

  • CAP RATE: 5.00%
  • NOI: $121,040

Features