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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 Wendy's Old Fashioned Hamburgers restaurant in Columbus, Ohio. The company operates a quick-service restaurant system built around company-operated and franchised locations, with a presence across the United States and international markets. Wendy's menu centers on made-to-order square hamburgers with fresh beef, along with chicken sandwiches and nuggets, Baconator items, Frosty desserts, and other core menu offerings. The company pursues ongoing menu development and expansion across the global restaurant system, reflecting a business focused on burgers, chicken, desserts, and franchise operations.

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

Zaxby's
Regions Bank

Property Taxes

Property Taxes

Parcel Number
065-057C
Land Assessment
$113,000
Improvements Assessment
$329,636
Total Assessment
$442,636
  • Listing ID: 40316774

  • Date on Market: 4/28/2026

  • Last Updated:

  • Address: 200 Virginia Pky, Waynesboro, GA 30830

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