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Wendy's 7305 Highway 182 E

3,037 SF Retail Building Morgan City, LA 70380 £1,325,060 (£436/SF) 6.24% Net Initial Yield

Executive Summary

This Wendy’s Restaurant in Morgan City, LA was significantly renovated in 2023. New 15 year Absolute NNN lease comes with a personal guarantee from the franchisee. This franchisee has been with Wendy's for 29 years and currently owns and operates 9 stores with two more to open in late 2024 and 2025.. Financials on the franchisee and the lease document are available upon the execution of a NDA.

Attachments

Morgan City Wendy's OM.9.23.2024

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,037 SF
Building Class
C
Year Built/Renovated
2010/2023
Price
£1,325,060
Price Per SF
£436
Net Initial Yield
6.24%
NOI
£82,669
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Land Acres
0.53 AC
1 of 1

PROPERTY TAXES

Parcel Number 3254341186 Improvements Assessment £41,291
Land Assessment £14,250 Total Assessment £55,541

PROPERTY TAXES

Parcel Number
3254341186
Land Assessment
£14,250
Improvements Assessment
£41,291
Total Assessment
£55,541
(504) 915-5082

  • Listing ID: 32014571

  • Date on Market: 04/06/2024

  • Last Updated:

  • Address: 7305 Highway 182 E, Morgan City, LA 70380

The Retail Property at 7305 Highway 182 E, Morgan City, LA 70380 is currently available For Sale. Contact Talbot Realty Group for more information.

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© 2024 CoStar Group

Wendy's | 7305 Highway 182 E
(504) 915-5082 x

Wendy's | 7305 Highway 182 E

Michael Pou

(504) 915-5082

(504) 915-5082

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