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Restaurant

Wendy's

48 US-79, Magnolia, AR 71753

Listing Price: $2,000,000

Cap Rate
6.00%
Tenant Name
Wendy's
Years Remaining On Lease
12.9
Gross SF
2,624
Guarantor
Franchisee Guarantee
Rentable SF
2,624
Price/Gross SF
$762.20
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.73

Investment Overview

Marcus & Millichap is pleased to offer for sale a 2,624-square-foot drive-through restaurant in Magnolia, AR, (the Property), in which Wendy’s has over 13 years remaining on their long-term, triple-net lease. This location has operated as a Wendy’s since 2016, when the tenant Wendy’s Fourjay L.L.C., an Arkansas-based Wendy’s operator, signed a 20-year lease at the site. This tenant opened its first restaurant back in 1975 and has continually grown with restaurants throughout Arkansas.

The Property is located in a commercially active area with several shopping and retail options nearby including Magnolia Shopping Center, which is directly neighboring the Property. This shopping center is shadow-anchored by a Walmart Supercenter and offers a variety of retail spaces with a 100% occupancy rate, indicating a robust commercial environment. Whataburger recently built a new-construction store across the street. A variety of prominent retailers are in direct vicinity to the Property including AT&T, GameStop, Dollar Tree, Hibbett Sports, Shoe Show, Cato Fashions and many more. As mentioned before, Walmart is a major retail anchor further positioning the area as a steady flow of consumer traffic, and as a strong local economy conducive to business.

Investment Highlights

  • Over 13 Years Remaining on NNN Lease With $5,000 Rent Increases Every 5 Years in Firm Term and Options
  • Near 50-Year Operating History With Franchisee — 50+ Units With Continued Growth Throughout Arkansas
  • Drive-Through Focused Prototype — Constructed in 2016 With 20-Year Initial Lease
  • Exxon Mobil Working on World's Largest Lithium Processing Facility Near Magnolia
  • World's Leading Manufacturer of Aviation Fuel Cells for U.S. Military, Amfuel, Headquartered in Magnolia
  • Prime Retail Location — Walmart Supercenter (145,000 Visits per Month per Placer.ai) and New-Construction Whataburger

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Restaurant

Wendy's

Listing Price: $2,000,000

Cap Rate
6.00%
Tenant Name
Wendy's
Years Remaining On Lease
12.9
Gross SF
2,624
Guarantor
Franchisee Guarantee
Rentable SF
2,624
Price/Gross SF
$762.20
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.73

Investment Highlights

  • Over 13 Years Remaining on NNN Lease With $5,000 Rent Increases Every 5 Years in Firm Term and Options
  • Near 50-Year Operating History With Franchisee — 50+ Units With Continued Growth Throughout Arkansas
  • Drive-Through Focused Prototype — Constructed in 2016 With 20-Year Initial Lease
  • Exxon Mobil Working on World's Largest Lithium Processing Facility Near Magnolia
  • World's Leading Manufacturer of Aviation Fuel Cells for U.S. Military, Amfuel, Headquartered in Magnolia
  • Prime Retail Location — Walmart Supercenter (145,000 Visits per Month per Placer.ai) and New-Construction Whataburger

Investment Overview

Marcus & Millichap is pleased to offer for sale a 2,624-square-foot drive-through restaurant in Magnolia, AR, (the Property), in which Wendy’s has over 13 years remaining on their long-term, triple-net lease. This location has operated as a Wendy’s since 2016, when the tenant Wendy’s Fourjay L.L.C., an Arkansas-based Wendy’s operator, signed a 20-year lease at the site. This tenant opened its first restaurant back in 1975 and has continually grown with restaurants throughout Arkansas. The Property is located in a commercially active area with several shopping and retail options nearby including Magnolia Shopping Center, which is directly neighboring the Property. This shopping center is shadow-anchored by a Walmart Supercenter and offers a variety of retail spaces with a 100% occupancy rate, indicating a robust commercial environment. Whataburger recently built a new-construction store across the street. A variety of prominent retailers are in direct vicinity to the Property including AT&T, GameStop, Dollar Tree, Hibbett Sports, Shoe Show, Cato Fashions and many more. As mentioned before, Walmart is a major retail anchor further positioning the area as a steady flow of consumer traffic, and as a strong local economy conducive to business.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

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