Just Listed! Wendy’s 20 Year NNN Lease

Just Listed! Wendy’s 20 Year NNN Lease

Investment Highlights:

■ Wendy’s 20-Year NNN Lease with 7.5% Increases in Rent
Every 5 Years
■ Recently Remodeled Restaurant with Drive Thru
■ Across the Street from Baptist Memorial Hospital
■ Directly off the Highway 30 Exit of Interstate 22 (Strong
Traffic and Excellent Exposure)
■ Numerous national retailers surround this Wendy’s including
Walgreens, WalMart, Tractor Supply, Anytime Fitness,
AutoZone and Dollar Tree
■ Very Strong Guarantee – 160+ Unit Holding Company
■ Strong Store Sales | Healthy Rent to Sales Ratio
■ Wendy’s is considered an Essential Tenant

Investment Overview:

Marcus & Millichap is pleased to present for sale this Wendy’s
Restaurant with Drive Thru located at 704 Coulter Drive in New
Albany, Mississippi. This recently remodeled restaurant is subject to
a new 20 Year Absolute NNN Lease at Close of Escrow. This 2,751
Square Foot Restaurant is situated on a large .83 acre parcel of land
and is located directly off the Highway 30 Exit off of Interstate 22.
Baptist Memorial Hospital with 92 Beds is located across the street
from this property.
There are numerous other traffic drivers to this Wendy’s including a
Hampton Inn directly behind as well as a Holiday Inn and Best Western
in close vicinity. Numerous national retailers surround this Wendy’s
including Walgreens, WalMart, Tractor Supply, Anytime Fitness,
AutoZone and Dollar Tree. Mississippi State University-Extension is
also located nearby and is an extension college of MSU with 22,986
students across all campuses.
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.)

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