Restaurant

Wendy’s 20 Year NNN Lease MS College Campus

310 Hwy 80 W, Clinton, MS 39056

Listing Price: $3,291,694

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
19.8
Gross SF
3,020
Guarantor
Franchisee Guarantee
Rentable SF
3,020
Price/Gross SF
$1,089.96
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.50

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast
Food Restaurant located in Clinton, Mississippi. At closing, the tenant
will sign a 20-Year Absolute NNN Lease with 7.5 percent increases in
rent every five years. This 3,020 Square Foot Restaurant with Drive
Thru is situated on a large .91-Acre parcel of land and is located
directly across the street from a busy Kroger Super Market Anchored
Shopping Center. This property is a short walk to Mississippi College
more than 5,000 students enrolled. This Wendys is a short 7 Minute
drive from Industrial Park which houses Gulf State Canners, McNeely
Plastics, and Taylor Power Systems. Retailers in the immediate area
include Kroger, Advance Auto Parts, Aspen Dental, AT&T, Enterprise
Rent-A-Car, and Walgreens. Clinton is a city in Hinds County
Mississippi situated in the Jackson Metropolitan Area and it is the
tenth largest city in Mississippi with a population of 25,216.
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

  • Wendys 20-Year NNN Lease with 7.5% Increases in Rent Every 5 Years
  • Located Walking Distance to Mississippi College Main Campus
  • Directly Across the Street from a Busy Kroger Super Market Anchored Shopping Center
  • Very Strong Sales | More than 30% Above the National Average
  • Fee Simple Asset Allowing for Depreciation
  • Wendys is considered an Essential Tenant

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    License(s): MS: 15586

    Mississippi

Restaurant

Wendy’s 20 Year NNN Lease MS College Campus

Listing Price: $3,291,694

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
19.8
Gross SF
3,020
Guarantor
Franchisee Guarantee
Rentable SF
3,020
Price/Gross SF
$1,089.96
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.50

Investment Highlights

  • Wendys 20-Year NNN Lease with 7.5% Increases in Rent Every 5 Years
  • Located Walking Distance to Mississippi College Main Campus
  • Directly Across the Street from a Busy Kroger Super Market Anchored Shopping Center
  • Very Strong Sales | More than 30% Above the National Average
  • Fee Simple Asset Allowing for Depreciation
  • Wendys is considered an Essential Tenant

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast
Food Restaurant located in Clinton, Mississippi. At closing, the tenant
will sign a 20-Year Absolute NNN Lease with 7.5 percent increases in
rent every five years. This 3,020 Square Foot Restaurant with Drive
Thru is situated on a large .91-Acre parcel of land and is located
directly across the street from a busy Kroger Super Market Anchored
Shopping Center. This property is a short walk to Mississippi College
more than 5,000 students enrolled. This Wendys is a short 7 Minute
drive from Industrial Park which houses Gulf State Canners, McNeely
Plastics, and Taylor Power Systems. Retailers in the immediate area
include Kroger, Advance Auto Parts, Aspen Dental, AT&T, Enterprise
Rent-A-Car, and Walgreens. Clinton is a city in Hinds County
Mississippi situated in the Jackson Metropolitan Area and it is the
tenth largest city in Mississippi with a population of 25,216.
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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