Skip to main content

Restaurant

Wendy’s 20 Year NNN Lease Louisiana Tech Campus

1400 N Trenton St, Ruston, LA 71270

Listing Price: $3,572,003

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
19.4
Gross SF
3,097
Guarantor
Franchisee Guarantee
Rentable SF
3,097
Price/Gross SF
$1,153.38
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.67

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast
Food Restaurant located at 1400 North Trenton Street in Ruston,
Louisiana. At closing, the tenant will sign a 20-Year Absolute NNN
Lease with 7.5 percent increases in rent every five years. This high
volume Wendys features a double drive thru and boasts sales that
exceed the national average by 44 percent. Situated at the signalized
intersection of Trenton Street and Reynolds Avenue, this property has
direct visibility to more than 19,000 Vehicles per day. This Wendys
is located only a few minutes from Louisiana Tech University with
more than 12,000 students. Also in close vicinity are major industrial
producers in the area including Hunt Forest products, LLC which
produces quality wood products for 40 years, Price Lumber Company
and Motion Industries. Retailers in the immediate area include Super
1 Foods, Walgreens, Hampton Inn, Marriott, Lowes and Celebrity
Theaters.
Ruston is a city and parish seat of Lincoln Parish Louisiana. It is
the largest city in Eastern Ark- with a population of 21,859 and the
population has increased in recent years by over 6.4 percent.
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

  • Minutes from Northern Louisiana Medical Center: A 130 Bed Acute Care Hospital
  • Wendys is considered an Essential Tenant
  • Wendys 20-Year Absolute NNN Lease with 7.5% Increases every 5 Years in Rent
  • Recently Remodeled Store with Double Drive Thru | Located at Signalized Intersection
  • Very Strong Sales | More than 40 Percent Above National Average
  • Minutes from Louisiana Tech University with more than 12,000 Students

Exclusively Listed By

Restaurant

Wendy’s 20 Year NNN Lease Louisiana Tech Campus

Listing Price: $3,572,003

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
19.4
Gross SF
3,097
Guarantor
Franchisee Guarantee
Rentable SF
3,097
Price/Gross SF
$1,153.38
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.67

Investment Highlights

  • Minutes from Northern Louisiana Medical Center: A 130 Bed Acute Care Hospital
  • Wendys is considered an Essential Tenant
  • Wendys 20-Year Absolute NNN Lease with 7.5% Increases every 5 Years in Rent
  • Recently Remodeled Store with Double Drive Thru | Located at Signalized Intersection
  • Very Strong Sales | More than 40 Percent Above National Average
  • Minutes from Louisiana Tech University with more than 12,000 Students

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast
Food Restaurant located at 1400 North Trenton Street in Ruston,
Louisiana. At closing, the tenant will sign a 20-Year Absolute NNN
Lease with 7.5 percent increases in rent every five years. This high
volume Wendys features a double drive thru and boasts sales that
exceed the national average by 44 percent. Situated at the signalized
intersection of Trenton Street and Reynolds Avenue, this property has
direct visibility to more than 19,000 Vehicles per day. This Wendys
is located only a few minutes from Louisiana Tech University with
more than 12,000 students. Also in close vicinity are major industrial
producers in the area including Hunt Forest products, LLC which
produces quality wood products for 40 years, Price Lumber Company
and Motion Industries. Retailers in the immediate area include Super
1 Foods, Walgreens, Hampton Inn, Marriott, Lowes and Celebrity
Theaters.
Ruston is a city and parish seat of Lincoln Parish Louisiana. It is
the largest city in Eastern Ark- with a population of 21,859 and the
population has increased in recent years by over 6.4 percent.
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

MM Texture Background
MM Textured Background Lower