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Wendy's 200 Virginia Pky 2,926 SF Retail Building Waynesboro, GA 30830 $2,664,000 ($910.46/SF) 5.56% Cap Rate
Investment Highlights
- 16+ Year NNN Lease
- Zero LL Responsibilities
- 8% Increases Every 5 Years
- Next rent bump April 2027
Executive Summary
Oswald Cooke & Associates is pleased to present a single tenant Wendy’s restaurant located at 200 Virginia Parkway in Waynesboro, GA for sale. The 20-year term commenced in April 2022 and offers (4) 5-Year renewal options. The lease is subject to 8% increases every 5 years with the next bump coming in April 2027. The 2,926 square foot restaurant is guaranteed by JAI Augusta, LLC. National Retailers in the immediate area include: Walmart Super Center, Tractor Supply, Dollar Tree, KFC, Burger King, Verizon, Zaxby’s, McDonalds, and many others.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,926 SF
Building Class
B
Year Built
2019
Price
$2,664,000
Price Per SF
$910.46
Cap Rate
5.56%
NOI
$148,118
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.55 AC
Opportunity Zone
Yes
Parking
33 Spaces (11.28 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Wendy's began in 1969 when Dave Thomas opened the first location in Columbus, Ohio. The chain became known for its square hamburger patties and signature Frosty desserts. Over time, Wendy's expanded internationally through franchising. Today, the restaurant operates thousands of locations worldwide while maintaining its focus on quick-service fast food. Wendy's continues building its global presence through both company-owned and franchised restaurant models.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 065-057C | Improvements Assessment | $329,636 |
| Land Assessment | $113,000 | Total Assessment | $442,636 |
Property Taxes
Parcel Number
065-057C
Land Assessment
$113,000
Improvements Assessment
$329,636
Total Assessment
$442,636
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Wendy's | 200 Virginia Pky
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