This Retail Property is Off-Market.

1760 Jonesboro Rd.
McDonough, GA 30253 ·

3,000 SF · Retail For Sale

N/A

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Wendys

Price N/A Cap Rate 6.50%
Building Size 3,000 SF Occupancy 100%
Property Type Retail No. Stories 1
Property Sub-type Restaurant Tenancy Single
Property Use Type Investment Year Built 2001
Commission Split 2% Lot Size 1.01 AC
Listing ID: 14597594 Date Created: 04/27/2006 Last Updated: 10/09/2006

Description

This property is one of 9 Wendys listed for sale in the Atlanta, GA and Richmond, VA areas. Prices range from $1.1M - $2.5M and cap rates are between 6.5%-7%, all are new 20 year absolute NNN leased with 10% bumps every 5th year. (See attached spreadsheet for other availabilities.) Wendys is the 3rd largest quick service hamburger chain in the world, with more than 6,600 restaurants in North America and international markets. The Guarantor operates 21 Wendys in the Richmond & Atlanta markets, has been in business since 1986, and consistently ranks in the top 10% for sales and profitability.

The property is located just off of Highway 75 at Jonesboro in the incomparable 880,000 square foot Henry Town Center. As the largest retail center in Henry County, this center has become known as the retail trailblazer in a county where big box tenants were not really present before. With close to 1,000,000 square feet (all pads included), this power center has extremely strong anchors that include, Home Depot, Super Target, BJ s Wholesale, Belk s, and Staples. On the other side of Jonesboro is Phase II of this center that includes Best Buy, Dick s Sporting Goods, Sam s Club, and Eckard.

Henry County was the fastest growing county in Georgia for two years when this center was built between 2001 and 2003. The development of the Henry Town Center has generated enormous peripheral retail growth and once Home Depot and Target s plans were set, Sam s Club, Wal-Mart, and Lowe s were all quick to follow with new stores in the area. This Wendy s location is strategically set out in front of the Home Depot along Jonesboro Road.

Highlights

  • In front of 880,000 Henry Town Center
  • Adjacent to Wal-Mart, Target, Home Depot, Sams Club, & Lowe's
  • New 20-Year Absolute NNN Lease
  • 10% Bumps Every 5 Years

Research

1760 Jonesboro Rd., McDonough, GA 30253 (Henry County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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