Wendy's Ground Lease
• 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.