Wendy’s 20 Year NNN Lease | Minutes from Louisiana Tech University

1400 N Trenton St, Ruston, LA 71270, USA
$3,572,003

Description

Marcus & Millichap is pleased to present for sale this Wendy’s Fast Food Restaurant located at 1400 North Trenton Street in Ruston, Louisiana. At closing, the tenant will sign a 20-Year Absolute NNN Lease with 7.5 percent increases in rent every five years. This high volume Wendy’s features a double drive thru and boasts sales that exceed the national average by 44 percent. Situated at the signalized intersection of Trenton Street and Reynolds Avenue, this property has direct visibility to more than 19,000 Vehicles per day. This Wendy’s is located only a few minutes from Louisiana Tech University with more than 12,000 students. Also in close vicinity are major industrial producers in the area including Hunt Forest products, LLC which produces quality wood products for 40 years, Price Lumber Company and Motion Industries. Retailers in the immediate area include Super 1 Foods, Walgreens, Hampton Inn, Marriott, Lowe’s and Celebrity Theaters.
Ruston is a city and parish seat of Lincoln Parish Louisiana. It is the largest city in Eastern Ark- with a population of 21,859 and the population has increased in recent years by over 6.4 percent.
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 Absolute NNN Lease with 7.5% Increases every 5 Years in Rent
  • Recently Remodeled Store with Double Drive Thru | Located at a Signalized Intersection
  • Very Strong Sales | More than 40 Percent Above National Average
  • Located a few parcels away from I-20 (43,000 VPD) Exit | Direct Visibility to More than 19,000 Vehicles Per Day
  • Minutes from Louisiana Tech University with more than 12,000 Students
  • Minutes from Northern Louisiana Medical Center: A 130 Bed Acute Care Hospital
  • Wendy’s is considered an Essential Tenant

Property Documents

  • City: Ruston
  • State/county: Louisiana
  • Zip/Postal Code: 71270
  • Country: United States

Detail

  • Price: $3,572,003
  • Year Built: 2017

Additional details

  • CAP RATE: 5.00%
  • NOI: $178,600

Features