November 4, 2021 – Jack Laurendeau of Horvath & Tremblay has successfully completed the sale of Wendy’s in Olive Branch, Mississippi. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,548,210.
Wendy’s is located at 7985 Craft-Goodman Road in Olive Branch, Mississippi. The stand-alone building consists of 3,151 square feet on 1.01 acres of land. Wendy’s has been at this location for 20 years and recently signed a brand new, 20-year NNN lease, with five (5) 5-year renewal options. The lease calls for 7.5% rent increases every 5 years through the base term and the option periods. The Wendy’s lease is guaranteed by a strong operator that has more than 150 locations. The property is extremely well located on US Highway 49, the one of the area’s primary commercial corridors with excellent traffic counts in excess of 51,000 vehicles per day. Wendy’s is located in front of a Walmart Supercenter, next to the major junction of US Highway 78 and Mississippi Highway 302. Other national retailers drawing traffic to the area The Home Depot, Kroger, Chick-fil-A, Chili’s, Zaxby’s, Taco Bell, McDonald’s, Panera, Valvoline, Starbucks, Autozone, Smoothie King and many others, as well as a newly constructed Hilton Garden Inn within walking distance from the property.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.