Wendy’s 20 Year NNN Lease | Across From Baptist Memorial Hospital

704 Coulter Dr, New Albany, MS 38652, USA
$2,105,242

Description

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.)

  • 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

Property Documents

  • City: New Albany
  • State/county: Mississippi
  • Zip/Postal Code: 38652
  • Country: United States

Detail

  • Price: $2,105,242
  • Year Built: 2002

Additional details

  • CAP RATE: 4.75%
  • NOI: $99,999

Features