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Restaurant

Wendys and C Store 20 Year NNN Lease

12832 US-61, Robinsonville, MS 38664

Listing Price: $4,045,714

Cap Rate
5.25%
Tenant Name
Wendys and Convinience Store
Years Remaining On Lease
20.2
Gross SF
5,725
Guarantor
Corporate Guarantee
Rentable SF
5,725
Price/Gross SF
$706.67
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.10

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast
Food Restaurant and Convenience Store located in Robinsonville,
Mississippi. The subject property consists of a 5,666 square foot
building with a Wendys drive up window and ample parking on a
large 3.81 Acre Parcel of land. The brand new 20 Year lease has
varying increases every five year, including the four (five Year) options
periods. The lease is backed by a 153 unit operating company. This
Wendys is ideally positioned alongside the Shell Gas Station and is
surrounded by numerous national retailers including Family Dollar,
Waffle House, AutoZone, Rainbow and Subway among others.
The Mississippi Casino Resorts including: 1st Jackpot Casino Tunica,
Caesars Horseshoe Tunica, Strike Casino and Westgate Casino which
are all only minutes from this Wendys and attract over 14.2 Million
out-of-state visitors per year and generate nearly $3 Billion in total
revenue of which $2.119 Billion in gaming revenue and $776 Million,
non-gaming revenue. These Casinos are known as the Tunica Resorts
and is site to six Casino Resorts and at one time generated the third
largest gambling revenues in the nation after Las Vegas and Atlantic
City, New Jersey. Tunica Casinos draw visitors from Mississippi,
Tennessee, Arkansas, Alabama, Missouri and Georgia to name a few.
Wendys is an international fast food restaurant chain founded by Dave
Thomas on November 15, 1969, in Columbus, Ohio, United States. As
of January 2019, there were a total of 6,711 locations, including 353
that are company-owned. 6,358 restaurants are franchised, and 77
percent of them are located in North America. (In 2016, Wendys was
the worlds third largest hamburger fast-food chain, following Burger
Kings 12,000 plus locations and McDonalds with over 31,000 plus
locations.)

Investment Highlights

  • Absolute NNN Wendys (No Landlord Responsibility)
  • New 20 Years Lease with rent increases during the base term of the lease
  • Strong Guarantee from 153 Unit Operating Company
  • Located Minutes from The Mississippi Casino Resorts
  • Signalized Intersection with Visibility to More than 21,358 Vehicles per Day
  • Situated on a Large 3.81 Acre Parcel of Land Immediately off the Highway 61 Exit

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Restaurant

Wendys and C Store 20 Year NNN Lease

Listing Price: $4,045,714

Cap Rate
5.25%
Tenant Name
Wendys and Convinience Store
Years Remaining On Lease
20.2
Gross SF
5,725
Guarantor
Corporate Guarantee
Rentable SF
5,725
Price/Gross SF
$706.67
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.10

Investment Highlights

  • Absolute NNN Wendys (No Landlord Responsibility)
  • New 20 Years Lease with rent increases during the base term of the lease
  • Strong Guarantee from 153 Unit Operating Company
  • Located Minutes from The Mississippi Casino Resorts
  • Signalized Intersection with Visibility to More than 21,358 Vehicles per Day
  • Situated on a Large 3.81 Acre Parcel of Land Immediately off the Highway 61 Exit

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast
Food Restaurant and Convenience Store located in Robinsonville,
Mississippi. The subject property consists of a 5,666 square foot
building with a Wendys drive up window and ample parking on a
large 3.81 Acre Parcel of land. The brand new 20 Year lease has
varying increases every five year, including the four (five Year) options
periods. The lease is backed by a 153 unit operating company. This
Wendys is ideally positioned alongside the Shell Gas Station and is
surrounded by numerous national retailers including Family Dollar,
Waffle House, AutoZone, Rainbow and Subway among others.
The Mississippi Casino Resorts including: 1st Jackpot Casino Tunica,
Caesars Horseshoe Tunica, Strike Casino and Westgate Casino which
are all only minutes from this Wendys and attract over 14.2 Million
out-of-state visitors per year and generate nearly $3 Billion in total
revenue of which $2.119 Billion in gaming revenue and $776 Million,
non-gaming revenue. These Casinos are known as the Tunica Resorts
and is site to six Casino Resorts and at one time generated the third
largest gambling revenues in the nation after Las Vegas and Atlantic
City, New Jersey. Tunica Casinos draw visitors from Mississippi,
Tennessee, Arkansas, Alabama, Missouri and Georgia to name a few.
Wendys is an international fast food restaurant chain founded by Dave
Thomas on November 15, 1969, in Columbus, Ohio, United States. As
of January 2019, there were a total of 6,711 locations, including 353
that are company-owned. 6,358 restaurants are franchised, and 77
percent of them are located in North America. (In 2016, Wendys was
the worlds third largest hamburger fast-food chain, following Burger
Kings 12,000 plus locations and McDonalds with over 31,000 plus
locations.)

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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