Wendy's
Retail | 5.75% CAP | 3,552 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive sale of a single tenant Wendy’s investment property located at 1202 North Missouri Street in Macon, Missouri (the “Property”). The Property consists of a single-story, 3,552 square foot building with a drive-thru on 0.77 acres. Wendy’s will sign a new 20-year Absolute NNN Lease with six (6), 5-year renewal options at the close of escrow. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option.
Wendy’s is prominently located along North Missouri Street (US Highway 63), one of Macon’s primary commercial and commuter routes. The Property is positioned within the city’s main retail corridor and is surrounded by traffic-driving national and regional retailers including Walmart, Tractor Supply, and CVS. Convenient to Macon’s residential neighborhoods, schools, and Samaritan Hospital, the Property benefits from a strong built-in customer base, while its visibility along US Highway 63 and proximity to the junction with US Highway 36 provide excellent regional connectivity. Nearby attractions such as Long Branch State Park and the Maples Repertory Theatre further support consistent area demand.
Investment highlights
LONG-TERM SALE LEASEBACK: Wendy’s will sign a brand-new, 20-year Absolute NNN Lease with six (6), 5-year renewal options at the close of escrow.
ATTRACTIVE RENT INCREASES: The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option, providing the investor with an attractive increase in revenue and a hedge against inflation.
ZERO LANDLORD RESPONSIBILITIES: The Wendy’s lease is Absolute NNN and requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, repairs, and replacements, making it an attractive investment for the passive real estate investor.
STRONG OPERATOR: This location is leased to Wendy’s of Missouri, Inc., a 41-unit entity that is owned and operated by Hamra Enterprises, a prominent franchisee and operator of quick-service restaurants across the United States. Founded in 1975, Hamra Enterprises operates multiple franchise brands, boasting a strong presence in the Midwest and New England regions. The company’s diverse portfolio comprises strong national restaurant brands, including Panera Bread, Wendy’s, Caribou Coffee, and Noodles & Company. Hamra Enterprises owns and operates over 195 restaurants.
STRATEGIC RETAIL LOCATION: Wendy’s is prominently located along North Missouri Street (US Highway 63), one of Macon’s primary commercial and commuter corridors. The Property is surrounded by national retailers including Walmart, Tractor Supply, and CVS that drive traffic to the area, and is positioned within the city’s main retail cluster. The Property benefits from convenient access to Macon’s residential neighborhoods, schools, and Samaritan Hospital, while its location near the junction of US Highway 63 and US Highway 36 provides excellent regional connectivity across north-central Missouri.
TRAFFIC COUNTS: Approximately 13,100 vehicles pass the Property each day along North Missouri Street (US Highway 63).
RETAIL TRADE AREA: Retailers bringing consumers to the retail trade area include Walmart, C&R Supermarket, Tractor Supply, McDonald’s, CVS, Taco Bell, Dairy Queen, Hardee’s, Scooter’s Coffee, O’Reilly Auto Parts, Dollar Tree, Prenger Foods, Sonic, US Bank, MA Bank, and Southern Bank. The Property is also down the street from the Macon public schools as well as Macon’s Samaritan Hospital.
DEMOGRAPHICS: Over 6,100 people live within 3 miles of the Property with an average household income of $77,192.
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