Wendy's - Jackson, MS (High St) 1240 High St 3,215 SF Retail Building Jackson, MS 39202 $2,249,739 ($699.76/SF) 5.75% Cap Rate

Marcus & Millichap is pleased to present for sale this Absolute Net-Leased Wendy’s located at 1240 High Street in Jackson, Mississippi, in the heart of the city and just down the street from the Mississippi State Capitol. The subject property consists of a 3,215 square-foot free-standing building with a drive-thru and is situated on a .85-acre parcel of land.
Strategically located just off the exit of Interstate Highway 55, which sees 113,000+ vehicles per day, and along High Street Road, a bustling corridor, the property enjoys excellent visibility and a strong consumer draw. The property is also in close proximity to the Mississippi State Capitol, the Governor’s Mansion, and the Mississippi Supreme Court, and is situated within the Jackson Downtown area, home to Jackson City Hall, the Mississippi Museum of Art, Thalia Mara Hall, the Jackson Convention Complex, and the University of Mississippi Medical Center.
At closing, the tenant, a leading Wendy’s franchisee, will execute a 20-year absolute NNN lease with 10 percent rent increases every five years.
Wendy’s is one of the world’s leading fast-food burger chains, known for its fresh, never frozen beef, signature square-shaped burgers, and high-quality ingredients. Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy’s has built a strong brand centered around innovation, customer satisfaction, and a commitment to fresh, made-to-order meals. The chain’s flagship menu items include the iconic Dave’s Single, Spicy Chicken Sandwich, and Frosty desserts, along with a variety of salads, chicken nuggets, and breakfast options. With thousands of locations worldwide, Wendy’s continues to grow its presence, leveraging modern digital ordering, drive-thru convenience, and an expanding global footprint to remain competitive in the quick-service restaurant (QSR) industry.