3105 8th St
Meridian, MS 39301
Wendy's NNN | New 500K Store Remodel! · Retail Property For Sale

Marcus & Millichap is pleased to present this single tenant freestanding Wendy' s in Meridian, Mississippi. At closing, the tenant will sign a new 12 Year Absolute Net Lease with 8% increases in rent every 5 years including the Six, five-year Option Periods. The tenant is a very strong operator, headquartered in Memphis, TN with 104 Wendy' s Restaurants. To the landlord' s advantage, the tenant will complete a store remodel within 12 months of closing. Wendy' s is an international fast food chain restaurant founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States. As of March 1999, Wendy' s was the world' s third largest hamburger fast food chain with approximately 6,650 locations. The subject property consists of a 2,977 square foot store with ample parking and drive up window situated on a large .66 acre pad. There are numerous regional and national retailers in the immediate area including: Auto Zone, Family Dollar, Fred' s Drug Store, Church' s Chicken, Jackson Hewitt and Advance Auto Parts to name a few. Broker of Record: Anne Williams M&M REIS of Nevada Inc 5100 Poplar Avenue, Suite 2505 Memphis, TN 38137 License: B-20181