Restaurant

Wendys, W. Monroe, LA

109 Thomas Rd, West Monroe, LA 71291

Listing Price: $2,983,911

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
20.00
Gross SF
3,200
Guarantor
Franchisee Guarantee
Rentable SF
3,200
Price/Gross SF
$932.47
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.62

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast
Food Restaurant located at 109 Thomas Road in West Monroe,
Louisiana. At closing, the tenant will sign a 20-Year Absolute NNN
Lease with 7.5 percent increases in rent every five years. This Wendys
is located only a few minutes from the Major Industrial Hub of West
Monroe including Louisiana Plastics which is the leading supplier to
the plastics industry, Madison Industries, which is the leading provider
of Americas pulp and paper industry, Grainger Industrial Supply,
Ruston Industries and Caraustar Industries. This property is located
near the 225th Engineer Brigade, the largest engineering formation
brigade of the U.S. Army National Guard. Retailers in the immediate
area include Chase Bank, Legends Pharmacy, Iberia Bank and Cross
Keys Bank.
West Monroe is a city in Ouachita parish, Louisiana situated on the
Ouachita River across from its neighboring city of Monroe. West
Monroe and Monroe are called The Twin Cities of Northeast Louisiana
and a population of 13,065.
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
  • Complete Store Remodel in 2017
  • Strong Store Sales | Well Above National Average | Healthy Proposed Rent to Sales Rat
  • Very Strong Guarantee 150+ Unit Holding Company
  • Across the Street from Glenwood Medical Mall
  • Wendys is considered an Essential Tenant

Exclusively Listed By

Listing Price: $2,983,911

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
20.00
Gross SF
3,200
Guarantor
Franchisee Guarantee
Rentable SF
3,200
Price/Gross SF
$932.47
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.62

Investment Highlights

  • Wendys 20-Year NNN Lease with 7.5% Increases in Rent Every 5 Years
  • Complete Store Remodel in 2017
  • Strong Store Sales | Well Above National Average | Healthy Proposed Rent to Sales Rat
  • Very Strong Guarantee 150+ Unit Holding Company
  • Across the Street from Glenwood Medical Mall
  • Wendys is considered an Essential Tenant

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast
Food Restaurant located at 109 Thomas Road in West Monroe,
Louisiana. At closing, the tenant will sign a 20-Year Absolute NNN
Lease with 7.5 percent increases in rent every five years. This Wendys
is located only a few minutes from the Major Industrial Hub of West
Monroe including Louisiana Plastics which is the leading supplier to
the plastics industry, Madison Industries, which is the leading provider
of Americas pulp and paper industry, Grainger Industrial Supply,
Ruston Industries and Caraustar Industries. This property is located
near the 225th Engineer Brigade, the largest engineering formation
brigade of the U.S. Army National Guard. Retailers in the immediate
area include Chase Bank, Legends Pharmacy, Iberia Bank and Cross
Keys Bank.
West Monroe is a city in Ouachita parish, Louisiana situated on the
Ouachita River across from its neighboring city of Monroe. West
Monroe and Monroe are called The Twin Cities of Northeast Louisiana
and a population of 13,065.
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

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