

Wendy's ( 11 Yrs Remain - 6.75% Cap )
Top 91% Store in AL
Marketing description
Marcus & Millichap is the exclusive listing agent for the Wendy’s located in Jasper, Alabama. The property sits along Highway 78 with excellent frontage and visibility while experiencing over 25,000 vehicles per day passing by that portion of the highway. The 3,500 square foot building was constructed in 2016 and sits on a 0.90 acre parcel of land. The lease commenced in 2017 and expires in March of 2037 meaning there are nearly 11 years remaining of lease term. The lease is Absolute NNN and there are zero landlord maintenance or expense responsibilities. The lease includes 7.50% rent bumps every 5 years with the next rent bump set to occur in March of 2027. The lease does not require sales reporting but per Placer.ai this Wendy’s ranks in the 84th percentile nationally (862nd / 5,621 restaurants) and the 92nd percentile in Alabama (8th / 89 restaurants) in terms of customer traffic to the property. The subject property is surrounded by national retailers including Home Depot, Walmart, Food City, Starbucks, Whataburger, among many others which all drive customer traffic to the dense retail corridor.
Jasper, Alabama is the county seat of Walker County and serves as the primary commercial and service hub for surrounding rural communities in northwest Alabama. Located approximately 40 miles northwest of Birmingham, the city benefits from regional connectivity via Interstate 22 and U.S. Highway 78, allowing it to capture retail demand from a broader trade area
Investment highlights
- Absolute NNN Wendy’s with Nearly 11 Years Remaining (7.50% Rent Bump in 2027)
- High Volume Wendy’s with Excellent Visibility Along Busy Highway 78 – Located Blocks from Walmart and Home Depot
- Placer.ai Ranks the Site in the 84th percentile nationally (862nd / 5,621 restaurants) and the 92nd percentile in Alabama (8th / 89 restaurants)
- Strong Multi-Brand and Multi-Unit Franchisee – 53 Restaurants in Four States
- 2016 Construction – 40 Minutes from Downtown Birmingham, AL
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