1777 ROCK QUARRY RD STOCKBRIDGE GA 30281-7303
Wendy’s Dark Lease Opportunity | Rare Corner Redevelopment Upside | Atlanta MSA
Marketing description
We are pleased to offer to qualified investors an opportunity to purchase (fee simple) a single-tenant NNN dark lease investment located in Stockbridge, GA – directly off Interstate 75 in the Atlanta MSA. The tenant, WEN-ATLANTA, INC., a subsidiary of Meritage Hospitality Group, has vacated the premises but remains contractually obligated to pay rent through lease expiration on August 31, 2031. Meritage Hospitality Group is the largest Wendy’s franchisee in the United States, operating approximately 300+ Wendy’s restaurants across multiple states. The Meritage acquisition of WEN-ATLANTA materially strengthens the rent guarantee underpinning this dark-lease investment.
The subject property is exceptionally well-positioned for re-tenanting, owner-user conversion, or redevelopment at lease expiration. The site sits directly across the street from Piedmont Henry Hospital, the south-Atlanta anchor of the Piedmont Healthcare System, recently completed a $212 million East Tower expansion adding new inpatient rooms, an expanded intensive care unit, three new operating room suites (bringing the hospital’s total to 14), and a new cafeteria and kitchen. The hospital held its grand opening and ribbon-cutting ceremony on May 14, 2026, with the first patients moving into the new tower on June 16, 2026. Rock Quarry Road – the frontage road on which this property sits – is concurrently undergoing a $35 million widening from a two-lane road to a four-lane divided boulevard, including a new signalized intersection at Hospital Drive directly adjacent to the property, with completion scheduled for late 2027.
Investment highlights
- Well-Positioned for Re-Tenanting, Owner-User Conversion, or Redevelopment
- Single-Tenant NNN Dark Lease Investment – Wendy’s, Stockbridge, GA (Atlanta MSA)
- Dark Lease – Tenant Vacated, Rent Through August 2031
- Approx. 5 Years of Contractual NNN Income Remaining
- Zero Landlord Responsibilities - Tenant Pays Taxes, Insurance, CAM, Roof & Structure Through Lease Expiration
- RARE Repositioning Upside on Hospital-Adjacent Corner
- 3,000 SF Building, ±1.11-Acre Lot
- $212 Million Hospital Expansion Directly Across the Street
- $35 Million Road Widening on Subject’s Frontage Road
- Strategically Located Directly Off Interstate 75 - Less than 30 Minutes South of Downtown Atlanta in the Atlanta MSA
- Deep Institutional Employer Base - Henry County Schools
- Strong Population Growth Corridor - Henry County adds ~6,000 Residents/Year, Projected to Reach 346,000 by 2050
- Strong Demographics - 5 Mile Population: 87,791 | 5 Mile AHHI: $85,835+
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