Wendy's Ground Lease

Quick Service Restaurants (QSR) / Posted 3 months ago by Deborah Vannelli, Upland Real Estate Group, Inc. / 87 views

  • Price : $2,210,526
  • Cap Rate : 4.75%
  • Net Operating Income : $105,000
  • Tenant : Wendelta, Inc.
  • Lease Type : Ground Lease
  • Lease Term Remaining (Years) : 20
  • Building Size (SF) : 2,635
  • Land Area (Acres) : 1.05
  • Year Built : 2020

• New 20 year Ground Lease with 2.50% rental increases every 5 years and Percentage Rent of 3.00% of Gross Sales in excess of $2,500,000.
• Wendy’s anticipates opening early, November 2020.
• Tenant on the lease is Wendelta, Inc., which operates 155 Wendy’s locations across the United States.
• Well located on outlot to Costco with high traffic counts of 116,000 vehicles per day on Interstate-55.
• Average household income over $151,000 in a 1-mile radius and a population exceeding 93,000 in a 5-mile radius.
• Ridgeland, MS is located 9 miles north of Jackson, MS and is considered part of the Jackson metropolitan area.

675 Highway Colony ParkwayRidgeland,Mississippi,39157

Deborah Vannelli
Upland Real Estate Group, Inc.

612-332-6600

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