Restaurant

Wendys 20 Year NNN Lease | Very Strong Sales

4920 Interstate 55 North Frontage Rd, Jackson, MS 39211

Listing Price: $3,243,266

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
19.8
Gross SF
2,948
Guarantor
Franchisee Guarantee
Rentable SF
2,948
Price/Gross SF
$1,100.16
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.01

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast
Food Restaurant located at 4920 I-55 North in Jackson, Mississippi.
At closing, the tenant will sign a 20-Year Absolute NNN Lease with 7.5
percent increases in rent every five years. Situated as an outparcel
to a Kroger Supermarket Anchored Shopping Center, this property
has excellent visibility to Interstate-55 with exposure to more than
102,00 Vehicles Per Day. This property is located Minutes from
University of Mississippi Medical Center with 722 Beds and Saint
Dominic Hospital with 535 Beds . Also nearby is McWillis Elementary
School with 445 Students. Retailers in the immediate area include
Office Depot, Walgreens, U.S.P.S., Kroger and Books-A-Million.
Jackson is the capital city of Mississippi and encompasses the
Mississippi freedom Trail which runs through the city and includes a
number of historic sites.
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

  • Outparcel to a Kroger Supermarket Anchored Shopping Center
  • Direct Exposure to I-55 | More than 104,000 Vehicles Per Day
  • Several Colleges in Immediate Vicinity including Holmes Community College
  • Wendys Fee Simple Asset with Drive Thru
  • 20 Year Absolute NNN Lease with 7.5% Increases Every 5 Years in Rent
  • Very Strong Sales | Well Above National Average | Speak to Listing Agents for Details

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    License(s): MS: 15586

    Mississippi

Restaurant

Wendys 20 Year NNN Lease | Very Strong Sales

Listing Price: $3,243,266

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
19.8
Gross SF
2,948
Guarantor
Franchisee Guarantee
Rentable SF
2,948
Price/Gross SF
$1,100.16
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.01

Investment Highlights

  • Outparcel to a Kroger Supermarket Anchored Shopping Center
  • Direct Exposure to I-55 | More than 104,000 Vehicles Per Day
  • Several Colleges in Immediate Vicinity including Holmes Community College
  • Wendys Fee Simple Asset with Drive Thru
  • 20 Year Absolute NNN Lease with 7.5% Increases Every 5 Years in Rent
  • Very Strong Sales | Well Above National Average | Speak to Listing Agents for Details

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast
Food Restaurant located at 4920 I-55 North in Jackson, Mississippi.
At closing, the tenant will sign a 20-Year Absolute NNN Lease with 7.5
percent increases in rent every five years. Situated as an outparcel
to a Kroger Supermarket Anchored Shopping Center, this property
has excellent visibility to Interstate-55 with exposure to more than
102,00 Vehicles Per Day. This property is located Minutes from
University of Mississippi Medical Center with 722 Beds and Saint
Dominic Hospital with 535 Beds . Also nearby is McWillis Elementary
School with 445 Students. Retailers in the immediate area include
Office Depot, Walgreens, U.S.P.S., Kroger and Books-A-Million.
Jackson is the capital city of Mississippi and encompasses the
Mississippi freedom Trail which runs through the city and includes a
number of historic sites.
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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