Wendy’s 20 Year NNN Lease | Very Strong Sales | Hard Corner Signalized Intersection

1251 Gluckstadt Rd, Madison, MS 39110, USA
$3,077,416

Description

Marcus & Millichap is pleased to present for sale this Wendy’s Fast Food Restaurant located at 1251 Gluckstadt Road in Madison, Mississippi. At closing, the tenant will sign a 20-Year Absolute NNN Lease with 7.5 percent increases in rent every five years. This 2018 construction restaurant with drive thru sits on a large 1.68 Acre Parcel of land at the hard corner signalized intersection of Gluckstadt Road and Weisenberger Road. This Wendy’s is located next to Levi Strauss’ 530,000 Square Foot Distribution Center and is a short five miles from PECO Foods of Mississippi (8th Largest poultry Producer in the U.S). This property is a short eight minute drive to Nissan’s Canton Plant which has produced fifteen million cars in the past fifteen years, Kasai(Automotive Interior trim manufacturer), Topre (Automotive Component Welding) and Yazaki (Auto Power and Data Solutions).
Madison Mississippi is a city in Madison County with a population of over 25,000. It is part of the Jackson Metropolitan Statistical Area and was named after James Madison, the fourth president of the United States.
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.)

  • Newer 2018 Construction Wendy’s | 20-Year NNN Lease | 7.5% Increases in Rent Every 5 Years
  • Established Location | Very Strong Sales | Well Above the National Average
  • Excellent Intrinsic Value: Hard Corner Signalized Intersection | Large 1.68 Acre Parcel of Land
  • A Short 8 Minute Drive to Nissan’s North American Plant which has produced 4 Million Vehicles in the Past 15 Years
  • Average Household Income Exceeds $140,000 In a One Mile Radius
  • Located next to Levi Strauss 530,000 Square Foot Distribution Center
  • Five miles from PECO Foods of Mississippi the 8th Largest Poultry Producer in the United States
  • Wendy’s is considered an Essential Tenant

Property Documents

  • City: Madison
  • State/county: Mississippi
  • Zip/Postal Code: 39110
  • Country: United States

Detail

  • Price: $3,077,416
  • Year Built: 2018

Additional details

  • CAP RATE: 4.85%
  • NOI: $149,255

Features