Wendy's
13+ Years Remaining | Absolute NNN | National Franchisee (375+ Locations)
Marketing description
We are pleased to offer an absolute NNN Wendy’s investment in Memphis, TN with approximately 13 years of remaining lease term and zero landlord responsibilities, featuring contractual rent increases for built-in growth. The property is leased to Meritage Hospitality Group (OTCQX: MHGU), one of the largest Wendy’s franchisees in the country, operating 375+ locations with over $600M in annual revenue, and is backed by a globally recognized QSR brand with over 7,000 locations worldwide.
Located along E. Shelby Drive in a dense retail corridor serving over 160,000 residents, the asset benefits from strong fundamentals, a recently remodeled building with drive-thru, and positioning in one of the most active and defensive net lease sectors.
Investment highlights
Long-Term Absolute NNN Lease
Nationally-Recognized Franchisee with 375+ Locations
Established National QSR Brand
Strong Memphis Retail Corridor
Recently Remodeled Building with Drive-Thru
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