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Restaurant

Wendys 20 Year NNN Lease Strong Sales

704 Coulter Dr, New Albany, MS 38652

Listing Price: $2,105,242

Cap Rate
4.75%
Tenant Name
Commercial
Years Remaining On Lease
19.4
Gross SF
2,751
Guarantor
Franchisee Guarantee
Rentable SF
2,751
Price/Gross SF
$765.26
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.35

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys
Restaurant with Drive Thru located at 704 Coulter Drive in New
Albany, Mississippi. This recently remodeled restaurant is subject to
a new 20 Year Absolute NNN Lease at Close of Escrow. This 2,751
Square Foot Restaurant is situated on a large .83 acre parcel of land
and is located directly off the Highway 30 Exit off of Interstate 22.
Baptist Memorial Hospital with 92 Beds is located across the street
from this property.
There are numerous other traffic drivers to this Wendys including a
Hampton Inn directly behind as well as a Holiday Inn and Best Western
in close vicinity. Numerous national retailers surround this Wendys
including Walgreens, WalMart, Tractor Supply, Anytime Fitness,
AutoZone and Dollar Tree. Mississippi State University-Extension is
also located nearby and is an extension college of MSU with 22,986
students across all campuses.
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
  • Recently Remodeled Restaurant with Drive Thru
  • Across the Street from Baptist Memorial Hospital
  • Directly off the Highway 30 Exit of Interstate 22
  • Numerous national retailers surround this Wendys including Walgreens, WalMart
  • Strong Store Sales | Healthy Rent to Sales Ratio

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Restaurant

Wendys 20 Year NNN Lease Strong Sales

Listing Price: $2,105,242

Cap Rate
4.75%
Tenant Name
Commercial
Years Remaining On Lease
19.4
Gross SF
2,751
Guarantor
Franchisee Guarantee
Rentable SF
2,751
Price/Gross SF
$765.26
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.35

Investment Highlights

  • Wendys 20-Year NNN Lease with 7.5% Increases in Rent Every 5 Years
  • Recently Remodeled Restaurant with Drive Thru
  • Across the Street from Baptist Memorial Hospital
  • Directly off the Highway 30 Exit of Interstate 22
  • Numerous national retailers surround this Wendys including Walgreens, WalMart
  • Strong Store Sales | Healthy Rent to Sales Ratio

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys
Restaurant with Drive Thru located at 704 Coulter Drive in New
Albany, Mississippi. This recently remodeled restaurant is subject to
a new 20 Year Absolute NNN Lease at Close of Escrow. This 2,751
Square Foot Restaurant is situated on a large .83 acre parcel of land
and is located directly off the Highway 30 Exit off of Interstate 22.
Baptist Memorial Hospital with 92 Beds is located across the street
from this property.
There are numerous other traffic drivers to this Wendys including a
Hampton Inn directly behind as well as a Holiday Inn and Best Western
in close vicinity. Numerous national retailers surround this Wendys
including Walgreens, WalMart, Tractor Supply, Anytime Fitness,
AutoZone and Dollar Tree. Mississippi State University-Extension is
also located nearby and is an extension college of MSU with 22,986
students across all campuses.
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

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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