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Restaurant

Wendy's

2099 Whitten Rd, Memphis, TN 38133

Listing Price: $2,842,105

Cap Rate
4.75%
Tenant Name
Meritage Hospitality Group
Years Remaining On Lease
20.0
Guarantor
Franchisee Guarantee
Rentable SF
2,690
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.19

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 2099 Whitten Road in Memphis, TN. The site consists of roughly 2,690 rentable square feet of building space on an estimated 0.70-acre parcel of land. This Wendy’s is subject to a 20-year triple-net (NNN) lease, which will commence at closing. The rent will be set at $135,000 and is scheduled to increase by the lesser of change in CPI or 1.25% annually throughout the base term, beginning in Year 3 and in each of the Six (6), Five (5)-Year option periods.

Investment Highlights

  • Brand New 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%) Annually Starting in Year 3

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Listing Price: $2,842,105

Cap Rate
4.75%
Tenant Name
Meritage Hospitality Group
Years Remaining On Lease
20.0
Guarantor
Franchisee Guarantee
Rentable SF
2,690
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.19

Investment Highlights

  • Brand New 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%) Annually Starting in Year 3

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 2099 Whitten Road in Memphis, TN. The site consists of roughly 2,690 rentable square feet of building space on an estimated 0.70-acre parcel of land. This Wendy’s is subject to a 20-year triple-net (NNN) lease, which will commence at closing. The rent will be set at $135,000 and is scheduled to increase by the lesser of change in CPI or 1.25% annually throughout the base term, beginning in Year 3 and in each of the Six (6), Five (5)-Year option periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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