Wendy's
Closed109 Thomas Rd, West Monroe, LA 71291
Property type
Retail
Unit / Space count
1
Price
$2,693,784
Building size
3,200 sf
Rentable area
3,200 SF
Year built
1971
Year renovated
Occupancy
Zoning code
Lot size
0.56 Acres
Sold/status
Sold · Date unknown
Sale price
$2693784
CAP
5.54%
Net Operating Income
$149,196
Property description
Franklin Street is pleased to present for sale this Wendy's in West Monroe, Louisiana. The tenant signed a new 20-Year Absolute NNN Lease in 2020 with 7.5 percent rent increases every five years. This Wendy's is located less than 1 mile from I-20 and is surrounded by national retailers such as Chick-Fil-A, McDonald's, Popeyes, Arby's, Texas Roadhouse, Cracker Barrel, Outback Steakhouse and many others. It is also located only a few minutes from the Major Industrial Hub of West Monroe including Louisiana Plastics which is the leading supplier to the plastics industry, Madison Industries, which is the leading supplier of America's pulp and paper industry, Grainger Industrial Supply, Ruston Industries and Caraustar Industries. West Monroe is a city is northeast Louisiana in Ouachita Parish. It is situated across the Ouchita River from Monroe, which is the 8th largest city in the state. It is a strong entertainment and business hub, one of the most prominent in the state of Louisiana. The site sits next to the Glenwood Regional Medical Center and is the main retail corridor with every other national QSR user driving daily traffic to the area.
Property highlights
- Wendy's 18-Yrs Remaining on a NNN Lease with 7.5% Rent Increases Every 5 Years
- Complete Store Remodel in 2018
- Very Strong Franchise Guarantee - 160+ Unit Holding Company
- Strong Store Sales that are Well Above National Average
- Proximate location to Glenwood Medical Center, a 278 bed State of the Art Hospital
- 24,495 VPD on Thomas Road and less than 1 mile from I-20 (70,000+ VPD)
- Ideal QSR demographics with 81,000+ residents within 5 mile radius
- Surrounded By Major National Retailers: Academy Sports, Walmart, Hobby Lobby, Chick-Fil-A, McDonald's, Popeyes, Texas Roadhouse, Cracker Barrel, Outback Steakhouse, among many others