Wendy’s | 390+ Unit Operator
1802 First Security Way, Jonesboro, AR 72405
Property Description
Price: $2,075,000
Land Area: ±27,007 Square Feet
Cap Rate: 6.00%
Gross Leasable Area: ±1,958 Square Feet
Year Built: 2020
Investment Highlights
15 Years Remaining on a Successful Wendy’s Location
Less Than 1 Mile from NEA Baptist Memorial Hospital (±228 Beds) | Located 2 Miles from Arkansas State University (±17,000 Enrolled)
Operated and Guaranteed by Meritage Hospitality Group, One of the Largest Wendy’s Franchisees (390+ Locations)
Prime Retail Location
- Highly-Trafficked Location on East Johnson Ave with Traffic Counts Exceeding 33,000 Cars Per Day
- Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Subway, Shell, Dairy Queen, Arby’s, First Security Bank, Burger King, Starbucks, AutoZone, Jersey Mikes, Firehouse Subs, and Many More
- More than 45,000 Residents and 76,100 Employees Support the Trade Area
- Affluent Area with the Average Household Income Exceeding $87,000 within 3 Miles
Experienced Wendy’s Franchisee
- Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
- Meritage Hospitality Group is One of the Largest Wendy’s Franchisee’s in the Country with Over 12,000 Employees and 390 Locations in 16 States
- Scheduled 1.25% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
Broker of Record: Steve Greer – License PB00098133
Contact Information
Craig Elster
Senior Director Investments
(949) 419-3223
[email protected]
License: CA 01958307
Ron Duong