Restaurant

Wendy’s 20 Year NNN Lease Very Strong Sales

1251 Gluckstadt Rd, Madison, MS 39110

Listing Price: $3,077,416

Cap Rate
4.85%
Tenant Name
Wendy's
Years Remaining On Lease
19.90
Gross SF
2,164
Guarantor
Franchisee Guarantee
Rentable SF
2,164
Price/Gross SF
$1,422.10
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.97

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast
Food Restaurant located at 1251 Gluckstadt Road in Madison,
Mississippi. At closing, the tenant will sign a 20-Year Absolute NNN
Lease with 7.5 percent increases in rent every five years. This 2018
construction restaurant with drive thru sits on a large 1.68 Acre Parcel
of land at the hard corner signalized intersection of Gluckstadt Road
and Weisenberger Road. This Wendys is located next to Levi Strauss
530,000 Square Foot Distribution Center and is a short five miles
from PECO Foods of Mississippi (8th Largest poultry Producer in the
U.S). This property is a short eight minute drive to Nissans Canton
Plant which has produced fifteen million cars in the past fifteen years,
Kasai(Automotive Interior trim manufacturer), Topre (Automotive
Component Welding) and Yazaki (Auto Power and Data Solutions).
Madison Mississippi is a city in Madison County with a population of
over 25,000. It is part of the Jackson Metropolitan Statistical Area
and was named after James Madison, the fourth president of the
United States.
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

  • Located next to Levi Strauss 530,000 Square Foot Distribution Center
  • Newer 2018 Construction Wendys | 20-Year NNN Lease
  • 7.5% Increases in Rent Every 5 Years
  • Established Location | Very Strong Sales | Well Above the National Average
  • Excellent Intrinsic Value: Hard Corner Signalized Intersection Large 1.68 Acre
  • Average Household Income Exceeds $140,000 In a One Mile Radius

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: $3,077,416

Cap Rate
4.85%
Tenant Name
Wendy's
Years Remaining On Lease
19.90
Gross SF
2,164
Guarantor
Franchisee Guarantee
Rentable SF
2,164
Price/Gross SF
$1,422.10
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.97

Investment Highlights

  • Located next to Levi Strauss 530,000 Square Foot Distribution Center
  • Newer 2018 Construction Wendys | 20-Year NNN Lease
  • 7.5% Increases in Rent Every 5 Years
  • Established Location | Very Strong Sales | Well Above the National Average
  • Excellent Intrinsic Value: Hard Corner Signalized Intersection Large 1.68 Acre
  • Average Household Income Exceeds $140,000 In a One Mile Radius

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast
Food Restaurant located at 1251 Gluckstadt Road in Madison,
Mississippi. At closing, the tenant will sign a 20-Year Absolute NNN
Lease with 7.5 percent increases in rent every five years. This 2018
construction restaurant with drive thru sits on a large 1.68 Acre Parcel
of land at the hard corner signalized intersection of Gluckstadt Road
and Weisenberger Road. This Wendys is located next to Levi Strauss
530,000 Square Foot Distribution Center and is a short five miles
from PECO Foods of Mississippi (8th Largest poultry Producer in the
U.S). This property is a short eight minute drive to Nissans Canton
Plant which has produced fifteen million cars in the past fifteen years,
Kasai(Automotive Interior trim manufacturer), Topre (Automotive
Component Welding) and Yazaki (Auto Power and Data Solutions).
Madison Mississippi is a city in Madison County with a population of
over 25,000. It is part of the Jackson Metropolitan Statistical Area
and was named after James Madison, the fourth president of the
United States.
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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