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Restaurant

Wendy’s 20 Year NNN Lease

6925 US-64, Oakland, TN 38060

Listing Price: $2,767,354

Cap Rate
4.75%
Tenant Name
Wendy's
Years Remaining On Lease
19.4
Gross SF
2,657
Guarantor
Franchisee Guarantee
Rentable SF
2,657
Price/Gross SF
$1,041.53
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.47

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys
located at 6925 US Highway 64 in Oakland (Memphis MSA),
Tennessee. At closing, the tenant will sign a 20-Year Absolute NNN
Lease with 7.5 percent increases in rent every five years. This 2,657
Square Foot Wendys Restaurant was newly constructed in 2018
and is situated on a large 1.81-Acre parcel of land. This property is
located minutes from Ring Container Technologies, a privately held,
Multinational Corporation, headquartered in Oakland with more than
600 Employees and Revenue exceeding $300 Million Annually. Ring
Container Technologies is the largest plastic container manufacturer
in North America. Retailers in the immediate area include Wal Mart
Supercenter, Dollar General, Walgreens, Murphys Express, AT & T
and Dollar Tree. There are many Colleges within 20 minutes of this
Wendys Including Tennessee College of Applied Technology with 902
Students; Southwest Tennessee Community College with 10,227
Students; and University Technological Institute with 9,006 Students.
Oakland is a town in Fayette County Tennessee with a population of
6,623. Population in Oakland has increased 417.8% since the year
2000 due to low city/county taxes, low crime rate and a Four Lane
highway expansion of US Highway 64. Oakland, Tennessee is known
as one of the safest cities in the state to live in.
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

  • 20-Year NNN Lease with 7.5% Increases Every 5 Years
  • Wendys is considered an Essential Tenant
  • New Construction Wendys with Drive Thru | Fee Simple Asset Allowing for Depreciation
  • Very Strong Sales | Established Location with Healthy Proposed Rent to Sales Ratio
  • 2,657 Square Foot Restaurant Situated on a Large 1.81 Acre Parcel of Land
  • Very Strong Guarantee 150+ Unit Holding Company

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Restaurant

Wendy’s 20 Year NNN Lease

Listing Price: $2,767,354

Cap Rate
4.75%
Tenant Name
Wendy's
Years Remaining On Lease
19.4
Gross SF
2,657
Guarantor
Franchisee Guarantee
Rentable SF
2,657
Price/Gross SF
$1,041.53
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.47

Investment Highlights

  • 20-Year NNN Lease with 7.5% Increases Every 5 Years
  • Wendys is considered an Essential Tenant
  • New Construction Wendys with Drive Thru | Fee Simple Asset Allowing for Depreciation
  • Very Strong Sales | Established Location with Healthy Proposed Rent to Sales Ratio
  • 2,657 Square Foot Restaurant Situated on a Large 1.81 Acre Parcel of Land
  • Very Strong Guarantee 150+ Unit Holding Company

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys
located at 6925 US Highway 64 in Oakland (Memphis MSA),
Tennessee. At closing, the tenant will sign a 20-Year Absolute NNN
Lease with 7.5 percent increases in rent every five years. This 2,657
Square Foot Wendys Restaurant was newly constructed in 2018
and is situated on a large 1.81-Acre parcel of land. This property is
located minutes from Ring Container Technologies, a privately held,
Multinational Corporation, headquartered in Oakland with more than
600 Employees and Revenue exceeding $300 Million Annually. Ring
Container Technologies is the largest plastic container manufacturer
in North America. Retailers in the immediate area include Wal Mart
Supercenter, Dollar General, Walgreens, Murphys Express, AT & T
and Dollar Tree. There are many Colleges within 20 minutes of this
Wendys Including Tennessee College of Applied Technology with 902
Students; Southwest Tennessee Community College with 10,227
Students; and University Technological Institute with 9,006 Students.
Oakland is a town in Fayette County Tennessee with a population of
6,623. Population in Oakland has increased 417.8% since the year
2000 due to low city/county taxes, low crime rate and a Four Lane
highway expansion of US Highway 64. Oakland, Tennessee is known
as one of the safest cities in the state to live in.
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

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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