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Restaurant

Wendy's (Vacant)

273 Keys Ferry St, McDonough, GA 30253

Listing Price: $1,242,400

Cap Rate
10.42%
Tenant Name
Wendy's (vacant)
Years Remaining On Lease
2.9
Gross SF
3,300
Guarantor
Franchisee Guarantee
Rentable SF
3,300
Price/Gross SF
$376.48
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.23

Investment Overview

273 Keys Ferry Street is a prominently located, recently vacated Wendy’s property in the heart of McDonough, Georgia. Situated on a 1.02-acre lot with 151 feet of frontage along Keys Ferry Street and two curb cuts, the property enjoys excellent visibility and access along a high-traffic corridor, with 11,200 vehicles per day on Keys Ferry Street and 27,000 vehicles per day at the intersection of Keys Ferry Street and S Zack Hinton Parkway. Built in 2004, the approximately 3,300-square-foot building (to be confirmed) is just 30 miles from downtown Atlanta and 24 miles from Hartsfield-Jackson Atlanta International Airport.

Although Wendy’s has gone dark, the tenant remains contractually responsible for rent through January 16, 2029, under an absolute NNN lease guaranteed by Meritage Hospitality Group, generating $129,458 per year. With no landlord responsibilities, this property provides a secure income stream while offering investors or owner-users the opportunity to reposition, redevelop, or lease to a new tenant in a prime location.

Located adjacent to McDonough’s historic downtown, the property benefits from a growing trade area with high household incomes and increasing population. Within a five-mile radius, the average household income is $107,402, and population is projected to grow 6.5% over the next five years. With its central location, strong demographics, and high traffic counts, 273 Keys Ferry Street represents a rare value-add investment or owner-user opportunity in one of Atlanta’s most desirable exurban markets.

Investment Highlights

  • Recently Vacated Wendy's property presents a unique opportunity for value-add investors or owner-users
  • Tenant guaranteed by Meritage Hospitality Group
  • Tenant remains responsible for rent through January 16, 2029
  • This Property sits on a prominent lot with excellent visibility and access
  • High visibility location with excellent access and two curb cuts
  • High-income trade area: $107,402 average household income within 5 miles
  • Strong population growth: projected 6.5% increase over the next 5 years

Exclusively Listed By

Broker of Record

  • John M. Leonard

    Senior Managing Director, Market Leader- Atlanta

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Restaurant

Wendy's (Vacant)

Listing Price: $1,242,400

Cap Rate
10.42%
Tenant Name
Wendy's (vacant)
Years Remaining On Lease
2.9
Gross SF
3,300
Guarantor
Franchisee Guarantee
Rentable SF
3,300
Price/Gross SF
$376.48
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.23

Investment Highlights

  • Recently Vacated Wendy's property presents a unique opportunity for value-add investors or owner-users
  • Tenant guaranteed by Meritage Hospitality Group
  • Tenant remains responsible for rent through January 16, 2029
  • This Property sits on a prominent lot with excellent visibility and access
  • High visibility location with excellent access and two curb cuts
  • High-income trade area: $107,402 average household income within 5 miles
  • Strong population growth: projected 6.5% increase over the next 5 years

Investment Overview

273 Keys Ferry Street is a prominently located, recently vacated Wendy’s property in the heart of McDonough, Georgia. Situated on a 1.02-acre lot with 151 feet of frontage along Keys Ferry Street and two curb cuts, the property enjoys excellent visibility and access along a high-traffic corridor, with 11,200 vehicles per day on Keys Ferry Street and 27,000 vehicles per day at the intersection of Keys Ferry Street and S Zack Hinton Parkway. Built in 2004, the approximately 3,300-square-foot building (to be confirmed) is just 30 miles from downtown Atlanta and 24 miles from Hartsfield-Jackson Atlanta International Airport. Although Wendy’s has gone dark, the tenant remains contractually responsible for rent through January 16, 2029, under an absolute NNN lease guaranteed by Meritage Hospitality Group, generating $129,458 per year. With no landlord responsibilities, this property provides a secure income stream while offering investors or owner-users the opportunity to reposition, redevelop, or lease to a new tenant in a prime location. Located adjacent to McDonough’s historic downtown, the property benefits from a growing trade area with high household incomes and increasing population. Within a five-mile radius, the average household income is $107,402, and population is projected to grow 6.5% over the next five years. With its central location, strong demographics, and high traffic counts, 273 Keys Ferry Street represents a rare value-add investment or owner-user opportunity in one of Atlanta’s most desirable exurban markets.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    Senior Managing Director, Market Leader- Atlanta

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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