NNN Wendy's Restaurant
Sq. Feet 33,118
Marcus & Millichap is please to present this single tenant freestanding Wendy’s in Amory, Mississippi. At closing, the tenant will sign a new 12 Year Absolute Net Lease with 8% increases in rent every 5 years including the Six, five-year Option Periods. The tenant is a very strong operator, headquartered in Memphis, TN with 104 Wendy’s Restaurants. The Subject property has gone through a complete remodel in late 2016 and is already experience a considerable increase in sales.
The subject property consists of a 2,967 square foot store with ample parking and drive up window situated on a large 1.1 acre pad. There are numerous regional and national retailers in the immediate area including: Dollar General, Taco Bell, Community Bank, O’Reilly Auto Parts, Fred’s Pharmacy, Food Giant and Hardees to name a few.
Wendy’s is an international fast food chain restaurant founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States. As of March 1999, Wendy’s was the world’s third largest hamburger fast food chain with approximately 6,650 locations.
Cap Rate: 5.90% NOI: $97,881 Livable Sq. Ft: 2,967
Built in 1995 1 Retail units Lot Sq. Ft: 1.1 Acres