3302 N Washington St
Forrest City, AR 72335
Wendy's · Retail Property For Sale

Marcus & Millichap is proud to present this corporately guaranteed Wendy's restaurant located at 3302 N. Washington St., Forrest City, Arkansas. The existing lease is a 5.75 year absolute-net (NNN) lease with Meritage Hospitality Group, and has about five-and-a half years remaining on the original lease term. The absolute-net lease contains five one-year renewal options, with 1.50 percent rental increases at the start of each option. The subject property is located directly off of North Washington Street in Forrest City, Arkansas. Forrest City was established in 1870. It is located in Northeast Arkansas, between Little Rock and Memphis (45 miles west of Memphis and 85 miles east of Little Rock). It is strategically located off of I-40, which runs East and West (over 28,000 vehicles travel I-40 daily) and Arkansas Highway 1, which is the major thoroughfare running north and south. The Franchisee, Meritage Hospitality Group has been in the Wendy's system for nearly 40 years and operates 250 plus units throughout thirteen states. Meritage Hospitality Group is the nation's only publicly-traded “Wendy's Old Fashioned Hamburgers“ restaurant franchisee. With Meritage’s recent acquisition of an additional 100+ units in five states, the lease will be backed by 250 plus Meritage Hospitality Group Wendy's locations.