Wendys
Property ID #: 18510
Tenant Name: Wendys
Street Address:
City: Ridgeland
State: MS
Zip: 39157
COMPANY DESCRIPTION
The Wendy’s Company is the world’s third largest quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company restaurants in the U.S. and 29 other countries and U.S. territories worldwide.
Website: www.wendys.com
Sector: Quick-Service Restaurants (QSR)
FINANCIAL PROFILE
Price: $2,210,526
NOI:
Cap Rate: 4.75
Price PSF: N/A
Rent PSF: N/A
Credit Rating (S&P): B
LEASE ABSTRACT
Lease Type: Ground Lease
Years Remaining: 19.8
Initial Term Increases: 2.50% every 5 years & 3% of Gross Sales > $2.5 Million
Initial Term Lease Begin: 0000-00-00
Initial Term Lease Expiration: 0000-00-00
Renewal Options: Four 5-Year
Option Increases:
Rent Holidays:
PROPERTY OVERVIEW
Type of Ownership:
Year Built: 2020
Year Remodeled :
Tenancy :
Gross Leasable Area (GLA):
Building Size (SFT) : 2
Lot AC :
DEMOGRAPHICS
Population
1-Mile:
3-Mile:
5-Mile:
Average Household Income
1-Mile: 0.00
3-Mile: 0.00
5-Mile: 0.00