Wendy's | 2801 Highway 78 E
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Wendy's 2801 Highway 78 E
3,500 SF 4-Star Retail Building Jasper, AL 35501 £2,859,836 (£817/SF) 5.49% Net Initial Yield
Investment Highlights
- Leased to Wendy’s on a 20-year absolute net-lease; zero landlord responsibilities
- Placed in high traffic corridor of Jasper with high traffic counts along US-78 East, which sees approximately 25,021 VPD
- Franchisee guarantee from 40+ unit operator
- Surrounded by national tenants including: The Home Depot, Walmart, ALDI, Winn-Dixie, Dollar Tree, Arby’s, Chick-fil-A, Applebee’s, Sonic, and more
Executive Summary
Quantum Real Estate Advisors, Inc. (“QREA”) has been retained to exclusively offer for sale a 3,500 square foot single-tenant retail building located at 2801 US-78 East, Jasper, AL. The free-standing restaurant is leased to Wendy’s and is on a 20-year absolute net lease, which commenced in March of 2017 and features (4) 5-year options with rental increases every 5 years. The building was originally constructed in 2016 and sits on approximately 0.90 acres of land. The property also features pylon signage, a drive-thru lane, and a surface parking lot with over 30 spaces.
The site benefits from excellent visibility being located directly on the major east/west retail thoroughfare of US-78 East, which sees over 25,021 VPD. The asset is located in a middle-class area, with over 13,708 residents and an average household income of $67,400 within 5-miles of the site. Additionally, the site is located 0.5 miles from Walker Baptist Medical Center, a hospital featuring over 250 beds and 600 on-site professionals. Notable surrounding national tenants include: Home Depot, Walmart, ALDI, Winn-Dixie, Dollar Tree, Arby’s, Chick-fil-A, Applebee’s, Sonic, and more.
The site benefits from excellent visibility being located directly on the major east/west retail thoroughfare of US-78 East, which sees over 25,021 VPD. The asset is located in a middle-class area, with over 13,708 residents and an average household income of $67,400 within 5-miles of the site. Additionally, the site is located 0.5 miles from Walker Baptist Medical Center, a hospital featuring over 250 beds and 600 on-site professionals. Notable surrounding national tenants include: Home Depot, Walmart, ALDI, Winn-Dixie, Dollar Tree, Arby’s, Chick-fil-A, Applebee’s, Sonic, and more.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,500 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
£2,859,836
Price Per SF
£817
Net Initial Yield
5.49%
NOI
£157,113
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.90 AC
Zoning
OT - GENERAL BUSINESS
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
PROPERTY TAXES
Parcel Number | 17-01-11-1-102-012-0030 | Improvements Assessment | £124,914 |
Land Assessment | £45,636 | Total Assessment | £170,550 |
PROPERTY TAXES
Parcel Number
17-01-11-1-102-012-0030
Land Assessment
£45,636
Improvements Assessment
£124,914
Total Assessment
£170,550
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Wendy's | 2801 Highway 78 E
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