675 Highland Colony Pky - Fast Food FOR SALE
Ridgeland, MS 39157 |
675 Highland Colony Pky
Ridgeland, MS 39157
HIGHLIGHTS
- New 20 year Ground Lease with 2.50% rental increases every 5 years and Percentage Rent of 3.00% of Gross Sales in excess of $2,500,000.
- Wendy’s Restaurant will open on November 27th, 2020.
- Tenant on the lease is Wendelta, Inc., which operates 155 Wendy’s locations across the United States.
- Well located on outlot to Costco with high traffic counts of 116,000 vehicles per day on Interstate-55.
- Average household income over $151,000 in a 1-mile radius and a population exceeding 93,000 in a 5-mile radius.
- Ridgeland, MS is located 1 miles north of Jackson, MS and is considered part of the Jackson metropolitan area.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Wendy’s Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
2635
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
071G-25C-007/02.01
