1240 High St - Fast Food FOR SALE


Jackson, MS 39202- Belhaven
$2,352,000 USD
786-522-7013
1240 High St, Jackson, MS for Sale
$2,352,000 USD
Fast Food - FOR SALE
1/4
null | 5.5% Cap Rate

1240 High St
Jackson, MS 39202
Belhaven


HIGHLIGHTS

  • Property Renovated in 2025!
  • 3,215 Square Foot Restaurant with Drive-Thru
  • 20-Year Abs. NNN Lease | No Landlord Responsibilities
  • Attractive Rental Increases | 10% Increases Every 5 Years
  • Very Strong Wendy’s Operator | 200+ Units
  • Located in Close Proximity to the Mississippi State Capitol, the Governor’s Mansion, and the Mississippi Supreme Court

OVERVIEW

Marcus & Millichap is pleased to present for sale this Absolute Net-Leased Wendy’s located at 1240 High Street in Jackson, Mississippi, in the heart of the city and just down the street from the Mississippi State Capitol. The subject property consists of a 3,215 square-foot free-standing building with a drive-thru and is situated on a .85-acre parcel of land. Strategically located just off the exit of Interstate Highway 55, which sees 113,000+ vehicles per day, and along High Street Road, a bustling corridor, the property enjoys excellent visibility and a strong consumer draw. The property is also in close proximity to the Mississippi State Capitol, the Governor’s Mansion, and the Mississippi Supreme Court, and is situated within the Jackson Downtown area, home to Jackson City Hall, the Mississippi Museum of Art, Thalia Mara Hall, the Jackson Convention Complex, and the University of Mississippi Medical Center. At closing, the tenant, a leading Wendy’s franchisee, will execute a 20-year absolute NNN lease with 10 percent rent increases every five years. Wendy’s is one of the world’s leading fast-food burger chains, known for its fresh, never frozen beef, signature square-shaped burgers, and high-quality ingredients. Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy’s has built a strong brand centered around innovation, customer satisfaction, and a commitment to fresh, made-to-order meals. The chain’s flagship menu items include the iconic Dave’s Single, Spicy Chicken Sandwich, and Frosty desserts, along with a variety of salads, chicken nuggets, and breakfast options. With thousands of locations worldwide, Wendy’s continues to grow its presence, leveraging modern digital ordering, drive-thru convenience, and an expanding global footprint to remain competitive in the quick-service restaurant (QSR) industry.

FOR SALE DETAILS

PRICE

$2,352,000 USD

PRICE/SF

$732 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's - Jackson, MS (High St)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,132 SF

ZONING

-

APN/PARCEL ID

1026-0023-003

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.