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Wendy’s Ground Lease, Carrollton, GA

Wendy’s Ground Lease

Carrollton, Georgia

Price $2,184,000
Cap Rate 4.35%
NOI $95,000
Lease Term 15 Years
Lease Type Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2022
Building Size Contact For Details
Lot Size 0.77 Acres (33,542 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN GROUND LEASE TO STRONG RETAIL TENANT
» New 15-year absolute NNN ground lease
» Requires zero landlord management, ideal for an out-of-area investor
» 10% rental increases every five years, providing a hedge against inflation
» Wendy’s (NASDAQ: WEN) opened more than 200 new restaurants in 2021
» Experienced franchisee with 40 units and 50 years of experience with the Wendy’s brand
» 2021 U.S. rewards members and active users grew +75% and +25% respectively

HIGH-VISIBILITY LOCATION NEAR STRONG TRAFFIC DRIVERS
» High-visibility location on State Route 166/Bankhead Highway (35,200 AADT), near the Northside Drive (15,600 AADT) signalized intersection
» Walking distance to Regal Carrollton Movie Theater and the Red Roof Inn & Suites Carrollton, GA–West Georgia (50 rooms)
» Adjacent to a new Dunkin’ and Peachtree Immediate Care building and surrounded by notable tenants such as Chick-fil-A, LongHorn Steakhouse, McDonald’s, Waffle House, Wells Fargo, Enterprise-Rent-A-Car, and numerous others
» Three miles from Tanner Medical Center/Carrollton (181 beds)
» Minutes from the University of West Georgia (13,419 student enrollment) and West Georgia Technical College – Carroll Campus (8,913 students)
» Proximity to several apartment complexes, including English Village Apartments (124 units), Northridge Apartments (77 units), and Summerhill Apartment (60 units)

PRIME LOCATION IN GEORGIA SUBURB
» Convenient location near several county offices, increasing traffic in the immediate area
» 45,568 residents with an average annual household income of $76,073 within five miles
» Average annual household income is projected to increase 15 percent by 2027
» Beneficial proximity to several airports including Hartsfield-Jackson Atlanta International Airport, the busiest and most efficient airport in the world (over 100 million annual passengers, $34.8 billion in economic impact) and Georgia’s largest employer (63,000 employees)
» Gateway to Atlanta, the most populous city in Georgia (498,715 residents), and the ninth largest metro area in the U.S. (over six million people)
» Georgia’s business climate has been ranked #1 in the nation for the eighth consecutive year by Site Selection and Area Development ranked Georgia the top state for doing business for the seventh year in a row

NEW 2022 CONSTRUCTION
» 2022 construction with a dedicated drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts


Property Description

Wendy’s is located on State Route 166/Bankhead Highway (35,200 AADT), near the Northside Drive (15,600 AADT) signalized intersection with excellent visibility. The property is within walking distance to Regal Carrollton Movie Theater and the Red Roof Inn & Suites Carrollton, GA–West Georgia (50 rooms). The site is surrounded by notable tenants such as Chick-fil-A, Wells Fargo, Enterprise-Rent-A-Car, LongHorn Steakhouse, McDonald’s, Waffle House, and numerous others. The property is three miles from Tanner Medical Center/Carrollton (181 beds) and minutes from the University of West Georgia (13,419 student enrollment) and West Georgia Technical College – Carroll Campus (8,913 students). The location is in close proximity to several apartment complexes, including English Village Apartments (124 units), Northridge Apartments (77 units), and Summerhill Apartment (60 units).

The property is conveniently located near several county offices, increasing local traffic in the area. 45,568 residents with an average annual household income of $76,073 live within a five-mile radius. The average annual household income is projected to increase 15 percent by 2027, poising Wendy’s and Carrollton for concurrent growth. The site maintains beneficial proximity to several airports including Hartsfield-Jackson Atlanta International Airport, the busiest and most efficient airport in the world (over 100 million annual passengers, $34.8 billion in economic impact), and Georgia’s largest employer (63,000 employees). The location is a gateway to Atlanta, the most populous city in Georgia (498,715 residents) and the ninth-largest metro area in the U.S. (over six million people). The property is well-positioned in Georgia, with a business climate that has been ranked #1 in the nation for the eighth consecutive year by Site Selection. Additionally, Area Development ranked Georgia the top state for doing business for the seventh year in a row.

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