Restaurant

Wendy’s 20 Year NNN Lease Very Strong Sales

465 Church Rd W, Southaven, MS 38671

Listing Price: $3,405,707

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
19.8
Gross SF
2,161
Guarantor
Franchisee Guarantee
Rentable SF
2,161
Price/Gross SF
$1,575.99
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$78.80

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast Food
restaurant located at 465 Church Road West in Southaven, Mississippi.
At closing, the tenant will sign a 20-Year Absolute NNN Lease with
7.5 percent increases in rent every five years. This property is located
minutes from Northwest Mississippi Community College with a Student
Enrollment of 7,618 Students. This Wendys is located on the Church
Road Exit of I-55 and out positions most competing restaurants on the
corridor. Also in close vicinity is The Tanger Outlets, a 330,000 square
foot and 70 Store Shopping Complex attracting thousands of visitors
each year. Retailers in the immediate area include Harley Davidson, Shell
and Tanger Outlets. This Wendys is also minutes away from multiple
Distribution Centers for National Companies including Fedex, Conair,
Grainger, and OReilly Auto Parts, to name a few.
Southaven is a suburb of Memphis (approximately 15 miles south)
and Mississippis third largest city. Southaven is located within DeSoto
County, which ranks among the top 40 fastest growing counties in
the U.S. and is the fastest growing county in Mississippi. Southaven is
located on the border of Mississippi and Tennessee. With an average
household income of approximately $75,000, DeSoto County residents
represent a consumer base with significant disposable income. The
city continues to grow at an impressive rate. Since 2000, Southavens
population has grown from 31,741 residents to over 53,000 residents,
marking a population increase of 70%. Many young families are drawn
to Southaven, as it is the second ranked school district in Mississippi
and the crime rates are lower than Tennessee. Given its proximity to
Memphis, Southaven attracts Memphis shoppers who want to avoid
Tennessees 9.25 percent sales tax.
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

  • Excellent Location: The First Fast Food Restaurant on the Church Road Exit of I-55
  • New 2018 Construction Fast Food Restaurant with Drive Thru
  • Established Location with Very Strong Sales
  • Down the Street from Northwest Mississippi Community College
  • Located minutes from multiple Distribution Centers for National Companies including
  • Minutes from Memphis International Airport

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    License(s): MS: 15586

    Mississippi

Restaurant

Wendy’s 20 Year NNN Lease Very Strong Sales

Listing Price: $3,405,707

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
19.8
Gross SF
2,161
Guarantor
Franchisee Guarantee
Rentable SF
2,161
Price/Gross SF
$1,575.99
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$78.80

Investment Highlights

  • Excellent Location: The First Fast Food Restaurant on the Church Road Exit of I-55
  • New 2018 Construction Fast Food Restaurant with Drive Thru
  • Established Location with Very Strong Sales
  • Down the Street from Northwest Mississippi Community College
  • Located minutes from multiple Distribution Centers for National Companies including
  • Minutes from Memphis International Airport

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast Food
restaurant located at 465 Church Road West in Southaven, Mississippi.
At closing, the tenant will sign a 20-Year Absolute NNN Lease with
7.5 percent increases in rent every five years. This property is located
minutes from Northwest Mississippi Community College with a Student
Enrollment of 7,618 Students. This Wendys is located on the Church
Road Exit of I-55 and out positions most competing restaurants on the
corridor. Also in close vicinity is The Tanger Outlets, a 330,000 square
foot and 70 Store Shopping Complex attracting thousands of visitors
each year. Retailers in the immediate area include Harley Davidson, Shell
and Tanger Outlets. This Wendys is also minutes away from multiple
Distribution Centers for National Companies including Fedex, Conair,
Grainger, and OReilly Auto Parts, to name a few.
Southaven is a suburb of Memphis (approximately 15 miles south)
and Mississippis third largest city. Southaven is located within DeSoto
County, which ranks among the top 40 fastest growing counties in
the U.S. and is the fastest growing county in Mississippi. Southaven is
located on the border of Mississippi and Tennessee. With an average
household income of approximately $75,000, DeSoto County residents
represent a consumer base with significant disposable income. The
city continues to grow at an impressive rate. Since 2000, Southavens
population has grown from 31,741 residents to over 53,000 residents,
marking a population increase of 70%. Many young families are drawn
to Southaven, as it is the second ranked school district in Mississippi
and the crime rates are lower than Tennessee. Given its proximity to
Memphis, Southaven attracts Memphis shoppers who want to avoid
Tennessees 9.25 percent sales tax.
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

    License(s): MS: 15586

    Mississippi

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