• Broker Glen Kunofsky 3323454222
  • Broker Ryan Sblendorio 3323454268
  • Broker Kyle Karsian 3323454271
  • Broker Andrew Darby 3323457299

Wendy's 4071 Covington Hwy 2,926 SF Retail Building Decatur, GA 30032 £2,457,693 (£839.95/SF) 5.15% Net Initial Yield

View Photo

INVESTMENT HIGHLIGHTS

  • 20-Year Triple Net Lease (NNN) | The landlord has zero lease responsibilities.
  • Attractive Rental Increases | Lesser of change in CPI, or 1.50% Annually.
  • Strong Franchisee Guarantee Meritage Hospitality Group is an experienced 388+ unit operator, and is one of the largest Wendy's franchisee in the world

EXECUTIVE SUMMARY

NNN Pro is pleased to present the exclusive listing for a Wendy's located at 4071 Covington Hwy, Decatur, GA 30032. The site consists of roughly 2,926 rentable square feet of building space on an estimated 0.9-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $168,000 and has scheduled increases of Lesser of Change in CPI or 1.50% Annually.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,926 SF
Building Class
C
Year Built/Renovated
1992/2024
Price
£2,457,693
Price Per SF
£839.95
Net Initial Yield
5.15%
NOI
£126,571
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
0.90 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C1, DeKalb County - Retail commercial
Parking
4 Spaces (1.37 Spaces per 1,000 SF Leased)
Frontage
111 ft on Covington

AMENITIES

  • Drive Thru

NEARBY MAJOR RETAILERS

Champs Chicken
Waffle House
Food Depot

PROPERTY TAXES

Parcel Number 15-197-18-001 Improvements Assessment £239,545
Land Assessment £292,777 Total Assessment £532,322

MAP

ADDITIONAL PHOTOS

View Photo 4071 Covington Hwy, Decatur, GA - ariel

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