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Restaurant

Wendy's | 390+ Unit Operator

1802 First Security Wy, Jonesboro, AR 72401

Listing Price: $2,075,000

Cap Rate
6.00%
Tenant Name
Wendy's
Years Remaining On Lease
15.1
Guarantor
Franchisee Guarantee
Rentable SF
1,958
Lease Type
Absolute Net
Rent Per Square Feet
$63.61

Investment Overview

--Prime Retail Location--

-Highly-Trafficked Location on East Johnson Ave with Traffic Counts Exceeding 33,000 Cars Per Day

-Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Subway, Shell, Dairy Queen, Arby’s, First Security Bank, Burger King, Starbucks, AutoZone, Jersey Mikes, Firehouse Subs, and Many More

-More than 45,000 Residents and 76,100 Employees Support the Trade Area

-Affluent Area with the Average Household Income Exceeding $87,000 within 3 Miles

--Experienced Wendy’s Franchisee--

-Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market

-Meritage Hospitality Group is One of the Largest Wendy’s Franchisee’s in the Country with Over 12,000 Employees and 390 Locations in 16 States

-Scheduled 1.25% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation

Investment Highlights

  • 15 Years Remaining on a Successful Wendy's Location
  • Less Than 1 Mile from NEA Baptist Memorial Hospital (±228 Beds) | Located 2 Miles from Arkansas State University (±17,000 Enrolled)
  • Operated and Guaranteed by Meritage Hospitality Group, One of the Largest Wendy's Franchisees (390+ Locations)

Exclusively Listed By

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s) AR: PB00098133

    Arkansas

Restaurant

Wendy's | 390+ Unit Operator

Listing Price: $2,075,000

Cap Rate
6.00%
Tenant Name
Wendy's
Years Remaining On Lease
15.1
Guarantor
Franchisee Guarantee
Rentable SF
1,958
Lease Type
Absolute Net
Rent Per Square Feet
$63.61

Investment Highlights

  • 15 Years Remaining on a Successful Wendy's Location
  • Less Than 1 Mile from NEA Baptist Memorial Hospital (±228 Beds) | Located 2 Miles from Arkansas State University (±17,000 Enrolled)
  • Operated and Guaranteed by Meritage Hospitality Group, One of the Largest Wendy's Franchisees (390+ Locations)

Investment Overview

--Prime Retail Location-- -Highly-Trafficked Location on East Johnson Ave with Traffic Counts Exceeding 33,000 Cars Per Day -Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Subway, Shell, Dairy Queen, Arby’s, First Security Bank, Burger King, Starbucks, AutoZone, Jersey Mikes, Firehouse Subs, and Many More -More than 45,000 Residents and 76,100 Employees Support the Trade Area -Affluent Area with the Average Household Income Exceeding $87,000 within 3 Miles --Experienced Wendy’s Franchisee-- -Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market -Meritage Hospitality Group is One of the Largest Wendy’s Franchisee’s in the Country with Over 12,000 Employees and 390 Locations in 16 States -Scheduled 1.25% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation

Exclusively Listed By

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s): AR: PB00098133

    Arkansas

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