Wendy’s 20 Year NNN Lease | Mississippi College Campus | Very Strong Sales

310 Hwy 80 W, Clinton, MS 39056, USA
$3,291,694

Description

Marcus & Millichap is pleased to present for sale this Wendy’s Fast Food Restaurant located in Clinton, Mississippi. At closing, the tenant will sign a 20-Year Absolute NNN Lease with 7.5 percent increases in rent every five years. This 3,020 Square Foot Restaurant with Drive Thru is situated on a large .91-Acre parcel of land and is located directly across the street from a busy Kroger Super Market Anchored Shopping Center. This property is a short walk to Mississippi College more than 5,000 students enrolled. This Wendy’s is a short 7 Minute drive from Industrial Park which houses Gulf State Canners, McNeely Plastics, and Taylor Power Systems. Retailers in the immediate area include Kroger, Advance Auto Parts, Aspen Dental, AT&T, Enterprise Rent-A-Car, and Walgreens. Clinton is a city in Hinds County Mississippi situated in the Jackson Metropolitan Area and it is the tenth largest city in Mississippi with a population of 25,216.
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
  • Located Walking Distance to Mississippi College Main Campus | More than 5,000 Students Enrolled
  • Directly Across the Street from a Busy Kroger Super Market Anchored Shopping Center
  • Very Strong Sales | More than 30% Above the National Average | Speak to Listing Agents for Details
  • Fee Simple Asset Allowing for Depreciation
  • Seven minutes from Industrial Park with Gulf State Canners, McNeely Plastic Corp. and Taylor Power Systems
  • Retailers in the immediate area include Kroger, Advance Auto Parts, Aspen Dental, AT&T, Enterprise Rent-A-Car, and Walgreens
  • Wendy’s is considered an Essential Tenant

Property Documents

  • City: Clinton
  • State/county: Mississippi
  • Zip/Postal Code: 39056
  • Country: United States

Detail

  • Price: $3,291,694
  • Year Built: 2015

Additional details

  • CAP RATE: 5.00%
  • NOI: $164,585

Features