Property History
Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Wendy's drive-thru at 1110 Richard D. Sailors Parkway in Powder Springs, Georgia, within the growing Cobb County submarket of the Atlanta MSA. The ±2,777-square-foot restaurant, originally built in 1999 and renovated to Wendy's modern prototype standards in 2017 (est.), sits on ±0.70 acres and is secured by an NNN lease with approximately 10 years remaining through August 2036, zero landlord responsibilities, and six (6) five-year renewal options. Annual base rent of $132,300 at a 5.63% cap rate includes CPI-linked rent increases every five years (capped at 5%), providing consistent inflation-protected income growth. The lease is guaranteed by Meritage Hospitality Group Inc., one of the nation's largest Wendy's franchisees operating 375+ locations across 15+ states.
The property fronts Richard D. Sailors Parkway (±27,314 VPD) at its intersection with New Macland Road (±8,727 VPD), with corridor neighbors including Publix, Walgreens, Great Clips, and Jersey Mike's directly adjacent. The 3-mile trade area holds 46,804 residents with an average household income of $121,465, and the 5-mile population of 124,155 averages $120,148 per household, supported by McEachern High School (2,175 students), South Cobb High School (2,137 students), and Hiram High School (1,503 students). The Powder Springs trade area is actively growing, with an 88-home Meritage Homes community under construction nearby and a $2 million Richard D. Sailors Parkway resurfacing project underway through 2026. The property sits within the Atlanta MSA, home to 6.45 million residents and anchored by major employers including Coca-Cola, Delta Air Lines, The Home Depot, UPS, and the CDC.
- NNN Lease | ±10 Years Remaining Through August 2036 | Zero Landlord Responsibilities
- Six (6) Five-Year Renewal Options | Up to 40 Years of Total Term
- CPI-Linked Rent Increases Every 5 Years | 5% Cap | $132,300 NOI at 5.63% CAP
- Guaranteed by Meritage Hospitality Group Inc. | 375+ Wendy's Locations Across 15+ States
- Recently Renovated to Wendy's Modern Prototype Standards (2017)
- Richard D. Sailors Pkwy Frontage | ±27,314 VPD | Intersection w/ New Macland Rd (±8,727 VPD)
- Adjacent to Publix, Walgreens, Great Clips | Established Western Cobb County Retail Corridor
- 3-Mile Demographics: 46,804 Residents | $121,465 Avg. HH Income
- 5-Mile Demographics: 124,155 Residents | $120,148 Avg. HH Income
- Atlanta MSA | 6.45M Population | $130,844 Avg. HH Income | No. 2 Best City to Live in the World (Forbes, 2025)
Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Wendy's drive-thru at 1110 Richard D. Sailors Parkway in Powder Springs, Georgia, within the growing Cobb County submarket of the Atlanta MSA. The ±2,777-square-foot restaurant, originally built in 1999 and renovated to Wendy's modern prototype standards in 2017 (est.), sits on ±0.70 acres and is secured by an NNN lease with approximately 10 years remaining through August 2036, zero landlord responsibilities, and six (6) five-year renewal options. Annual base rent of $132,300 at a 5.63% cap rate includes CPI-linked rent increases every five years (capped at 5%), providing consistent inflation-protected income growth. The lease is guaranteed by Meritage Hospitality Group Inc., one of the nation's largest Wendy's franchisees operating 375+ locations across 15+ states.
The property fronts Richard D. Sailors Parkway (±27,314 VPD) at its intersection with New Macland Road (±8,727 VPD), with corridor neighbors including Publix, Walgreens, Great Clips, and Jersey Mike's directly adjacent. The 3-mile trade area holds 46,804 residents with an average household income of $121,465, and the 5-mile population of 124,155 averages $120,148 per household, supported by McEachern High School (2,175 students), South Cobb High School (2,137 students), and Hiram High School (1,503 students). The Powder Springs trade area is actively growing, with an 88-home Meritage Homes community under construction nearby and a $2 million Richard D. Sailors Parkway resurfacing project underway through 2026. The property sits within the Atlanta MSA, home to 6.45 million residents and anchored by major employers including Coca-Cola, Delta Air Lines, The Home Depot, UPS, and the CDC.
- NNN Lease | ±10 Years Remaining Through August 2036 | Zero Landlord Responsibilities
- Six (6) Five-Year Renewal Options | Up to 40 Years of Total Term
- CPI-Linked Rent Increases Every 5 Years | 5% Cap | $132,300 NOI at 5.63% CAP
- Guaranteed by Meritage Hospitality Group Inc. | 375+ Wendy's Locations Across 15+ States
- Recently Renovated to Wendy's Modern Prototype Standards (2017)
- Richard D. Sailors Pkwy Frontage | ±27,314 VPD | Intersection w/ New Macland Rd (±8,727 VPD)
- Adjacent to Publix, Walgreens, Great Clips | Established Western Cobb County Retail Corridor
- 3-Mile Demographics: 46,804 Residents | $121,465 Avg. HH Income
- 5-Mile Demographics: 124,155 Residents | $120,148 Avg. HH Income
- Atlanta MSA | 6.45M Population | $130,844 Avg. HH Income | No. 2 Best City to Live in the World (Forbes, 2025)
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