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3847 Ga-138 Highway - Freeway Junction - Wendy's, Stockbridge, GA

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3847 Ga-138 Highway - Freeway Junction - Wendy's

Stockbridge, GA 30281 - Forest Park/Morrow Ret Submarket


Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:1987
Building Size:2,976 SF Land Area:1 AC (43,560 SF)
For Sale Price:$2,181,818 Price/SF:$733.14
Cap Rate:5.50 %
Features:Drive Thru



Sale Notes:
Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 3847 Hwy 138 SE, Stockbridge, GA. The property consists of 2,976 square feet of building space and is situated on approximately 1.00 acre of land.

The tenant will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the day following the close of escrow. The lease will call for rental increases that will be the lesser of the change in CPI or 1.25% annually starting in Year 3. The rental increases will continue through the base term and into the six, five-year tenant renewal options. The lease will carry a guaranty from Meritage Hospitality Group, an experienced 318 unit operator and the second largest franchisee in the Wendy’s system.

Marcus & Millichap
Michael Fasano
(678) 808-2700

  
Marcus & Millichap Inc
Glen Kunofsky
(212) 430-5100

Ryan Sblendorio
(212) 430-5100




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