Wendy's - 20 Year NNN Lease Strong Operator
Retail | 6.50% CAP | 2,900 SqFt
Marketing description
Marcus & Millichap is pleased to present for sale this Wendy’s Hamburger Restaurant located at 517 Martintown Rd. in North Augusta, South Carolina. North Augusta is a city in Aiken and Edgefield counties in South Carolina on the north bank of the Savannah River. It is directly across the river and state border from Augusta, Georgia and has a population over 24,379. The city is included in the Central Savannah River Area and part of the Augusta Georgia Metropolitan Area.
Numerous apartment complexes surround this Wendy’s including Argento at Riverwatch Apartments, Residence at Riverwatch, The Edgewater, Royal Palms Apartments, Savannah Oaks, and The Highland.
Brand new home developments in the area include Forrest Bluff by Ivey Homes, Rushing Waters by D.R. Horton, Windsor by Ivey Homes and Keystone Homes.
Colleges and universities nearby include Helms College, Cambridge College, Augusta University and East Georgia State College.
Wendy’s was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise “Quality is our Recipe.” Today Wendy’s Company is the world’s third-largest quick-service hamburger and its franchisees employ thousands of people across 7,000 restaurants worldwide and annual revenue exceeds $2.2B. Wendy’s is best known for made-to-order square hamburgers using fresh and never frozen beef, freshly prepared salads, chili, baked potatoes and the Frosty Dessert.
Investment highlights
■ 20 Year Absolute NNN Lease | No Landlord Responsibilities
■ Attractive 7.5% Rent Increases Every 5 Years
■ Strong Wendy’s Operator | 100+ Units
■ Excellent Visibility | Traffic Counts Exceeding 21,601 Vehicles per Day
■ Part of Augusta, GA MSA
■ Numerous Apartment Complexes Surround Subject Property
■ Brand New Home Developments Nearby include Forrest Bluff by Ivey Homes, Rushing Waters by D.R. Horton and Windsor by Ivey Homes
■ Colleges and Universities Nearby Include Helms College, Cambridge College, Augusta University and East Georgia State College
■ The Wendy’s Company is the World’s Third Largest Quick Service Hamburger Company with 7,000 Restaurants and Over $2.2+ Billion Annual Sales
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