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Restaurant

Wendy’s 20 + Years NNN Lease 200+ Unit Guarantee

1122 S Dupree St, Brownsville, TN 38012

Listing Price: $2,630,727

Cap Rate
5.50%
Tenant Name
Wendy's / WENDELTA LLC
Years Remaining On Lease
15.8
Gross SF
1,496
Guarantor
Corporate Guarantee
Rentable SF
1,496
Price/Gross SF
$1,758.51
Lease Type
Absolute Net
Rent Per Square Feet
$96.72

Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute Net Leased
Wendy’s, located at 1122 S Dupree Street in Brownsville, Tennessee, just
northeast of Memphis. The subject property consists of a 2023 construction
free-standing building with a drive-thru and is situated on a .71-acre parcel of
land.
Strategically positioned along South Dupree Street, this property offers excellent
visibility and convenient access. It is located directly across from a Walmart
Supercenter and a Murphy USA Gas Station, both of which drive significant
traffic to the area. The immediate trade area is also home to a strong mix of
national and regional tenants, including Taco Bell, Ace Hardware, Food Giant,
Subway, Walgreens, and more, further enhancing the site’s retail presence and
consumer draw.
At closing, the tenant, a leading Wendy’s franchisee, will execute a 20-year
absolute NNN lease with 10 percent rent increases every five years.
Wendy’s is one of the world’s leading fast-food burger chains, known for its
fresh, never frozen beef, signature square-shaped burgers, and high-quality
ingredients. Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy’s has
built a strong brand centered around innovation, customer satisfaction, and a
commitment to fresh, made-to-order meals. The chain’s flagship menu items
include the iconic Dave’s Single, Spicy Chicken Sandwich, and Frosty desserts,
along with a variety of salads, chicken nuggets, and breakfast options. With
thousands of locations worldwide, Wendy’s continues to grow its presence,
leveraging modern digital ordering, drive-thru convenience, and an expanding
global footprint to remain competitive in the quick-service restaurant (QSR)
industry.

Investment Highlights

  • 2023 Construction Wendy's with Drive Thru | Latest Wendy's Prototype
  • 20+Years Absolute NNN Lease | No Landlord Responsibilities
  • Attractive Rental Increases | 10% Increases Every 5 Years
  • Very Strong Wendy's Operator | 200+ Units
  • Situated at a Signalized Intersection Across the Street from the Entrance to a Walmart Supercenter
  • Brownsville is a Short One Hour Drive from Downtown Memphis
  • Fee Simple Asset Allowing for Depreciation

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Restaurant

Wendy’s 20 + Years NNN Lease 200+ Unit Guarantee

Listing Price: $2,630,727

Cap Rate
5.50%
Tenant Name
Wendy's / WENDELTA LLC
Years Remaining On Lease
15.8
Gross SF
1,496
Guarantor
Corporate Guarantee
Rentable SF
1,496
Price/Gross SF
$1,758.51
Lease Type
Absolute Net
Rent Per Square Feet
$96.72

Investment Highlights

  • 2023 Construction Wendy's with Drive Thru | Latest Wendy's Prototype
  • 20+Years Absolute NNN Lease | No Landlord Responsibilities
  • Attractive Rental Increases | 10% Increases Every 5 Years
  • Very Strong Wendy's Operator | 200+ Units
  • Situated at a Signalized Intersection Across the Street from the Entrance to a Walmart Supercenter
  • Brownsville is a Short One Hour Drive from Downtown Memphis
  • Fee Simple Asset Allowing for Depreciation

Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute Net Leased Wendy’s, located at 1122 S Dupree Street in Brownsville, Tennessee, just northeast of Memphis. The subject property consists of a 2023 construction free-standing building with a drive-thru and is situated on a .71-acre parcel of land. Strategically positioned along South Dupree Street, this property offers excellent visibility and convenient access. It is located directly across from a Walmart Supercenter and a Murphy USA Gas Station, both of which drive significant traffic to the area. The immediate trade area is also home to a strong mix of national and regional tenants, including Taco Bell, Ace Hardware, Food Giant, Subway, Walgreens, and more, further enhancing the site’s retail presence and consumer draw. At closing, the tenant, a leading Wendy’s franchisee, will execute a 20-year absolute NNN lease with 10 percent rent increases every five years. Wendy’s is one of the world’s leading fast-food burger chains, known for its fresh, never frozen beef, signature square-shaped burgers, and high-quality ingredients. Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy’s has built a strong brand centered around innovation, customer satisfaction, and a commitment to fresh, made-to-order meals. The chain’s flagship menu items include the iconic Dave’s Single, Spicy Chicken Sandwich, and Frosty desserts, along with a variety of salads, chicken nuggets, and breakfast options. With thousands of locations worldwide, Wendy’s continues to grow its presence, leveraging modern digital ordering, drive-thru convenience, and an expanding global footprint to remain competitive in the quick-service restaurant (QSR) industry.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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