Wendy's
Retail | 6.08% CAP | 2,985 SqFt
Marketing description
Wendy’s is a single-tenant, net-leased quick-service restaurant located along North Highland Avenue in the Jackson, Tennessee submarket. The property consists of a 2,985 square foot freestanding building situated on approximately 0.94 acres and benefits from a high-visibility position along a primary retail corridor with strong traffic
counts. The asset operates under an absolute NNN lease structure, providing passive ownership with no landlord responsibilities.
LONG-TERM LEASE WITH SCHEDULED RENT GROWTH
The property is secured by a long-term lease with an expiration in October 31, 2038, offering approximately 12.6 years of remaining term. The lease features CPI-based rental increases of 1.25% annually, providing built-in income growth and a hedge against inflation.
ESTABLISHED OPERATOR WITH PUBLIC COMPANY GUARANTEE
The subject property is operated by an experienced Wendy’s franchisee, backed by Meritage Hospitality Group, a publicly traded company and one of the nation’s largest Wendy’s operators. The tenant’s scale, operational track record, and corporate guaranty reinforce long-term commitment and provide additional credit strength to the investment.
STRATEGICALLY LOCATED ALONG A MAJOR RETAIL CORRIDOR
Positioned along North Highland Avenue, the property benefits from strong traffic counts, regional connectivity, and proximity to major national retailers and employment drivers. The surrounding area includes Kroger, Starbucks, and AutoZone, and is supported by Jackson-Madison County General Hospital, a major regional employer contributing consistent daily traffic and consumer demand.
Investment highlights
LONG-TERM LEASE WITH BUILT-IN RENTAL GROWTH
The property is secured by a long-term absolute NNN lease with an expiration in October 31, 2038, providing
approximately 12+ years of remaining term. The lease features CPI-based rental increases of 1.25% annually,
offering predictable income growth and long-term cash flow stability.
ABSOLUTE NNN LEASE STRUCTURE
The lease is structured as absolute NNN, with the tenant responsible for all operating expenses,
including taxes, insurance, maintenance, repairs utilities, and capital expenditures. This structure
provides a passive investment profile with no landlord responsibilities.
PROVEN OPERATING HISTORYWITH RECENT CAPITAL INVESTMENT
Wendy’s has maintained a presence at this location with a remodeled and updated prototype, reflecting
continued capital investment and long-term operational commitment to the site. The modern
layout supports efficient service and consistent customer demand.
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