Investment Overview

Marcus & Millichap is the exclusive listing agent for the Wendy’s located in Jasper, Alabama. The property sits along Highway 78 with excellent frontage and visibility while experiencing over 25,000 vehicles per day passing by that portion of the highway. The 3,500 square foot building was constructed in 2016 and sits on a 0.90 acre parcel of land. The lease commenced in 2017 and expires in March of 2037 meaning there are nearly 11 years remaining of lease term. The lease is Absolute NNN and there are zero landlord maintenance or expense responsibilities. The lease includes 7.50% rent bumps every 5 years with the next rent bump set to occur in March of 2027. The lease does not require sales reporting but per Placer.ai this Wendy’s ranks in the 84th percentile nationally (862nd / 5,621 restaurants) and the 92nd percentile in Alabama (8th / 89 restaurants) in terms of customer traffic to the property. The subject property is surrounded by national retailers including Home Depot, Walmart, Food City, Starbucks, Whataburger, among many others which all drive customer traffic to the dense retail corridor. Jasper, Alabama is the county seat of Walker County and serves as the primary commercial and service hub for surrounding rural communities in northwest Alabama. Located approximately 40 miles northwest of Birmingham, the city benefits from regional connectivity via Interstate 22 and U.S. Highway 78, allowing it to capture retail demand from a broader trade area beyond its population of roughly 14,000 residents. The market is characterized by stable blue-collar employment, affordable living costs, and a regional retail draw that supports a growing mix of national and local retailers. Recent retail recruitment and redevelopment efforts have expanded the city’s retail base with several national brands, including ALDI, Hobby Lobby, TJ Maxx, Five Below, Harbor Freight, Petco, and Dunham’s Sports. These additions have strengthened the city’s retail corridor and generated millions in annual sales tax revenue. Major retail nodes in the city include the Jasper Mall and surrounding shopping centers, which feature national tenants such as Walmart, Home Depot, Planet Fitness, and Tractor Supply.