Wendy’s, Madison, Alabama

8814 Madison Blvd no-imageVIEW MAP

Property Information

Price: $2,676,905

Cap Rate: 4.75%
NOI: $127,153
Lease Term: 20 Years
Lease Type: Absolute NNN
Building Size: Approximately 3,768 Square Feet
Year Built: 1994/2020
Status: Available
Lead Broker Information:

Randy Bell



Property Description

Investment Highlights

  • Absolute NNN Lease with 12+ Years Remaining – Stable Cash Flow Asset – Zero Landlord Responsibilities – Three (5-Year) Options to Renew
  • 10% Rental Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Corporately Guaranteed Lease – Wendy’s is a Best in Class, Leading Fast-Food Concept Founded in 1969 That Operates More Than 6,900 Locations in 50 States and 30 Countries Worldwide
  • Successful Operating History of Over 28 Years at This Site – Wendy’s Corporate Purchased the Location from a Franchisee in 2015 and Signed a New 20 Year Lease, Showing Their Long-Term Commitment to the Location
  • Recently Remodeled in 2020 to the Latest Wendy’s Prototype at the Tenant’s Sole Cost, Further Demonstrating Their Commitment to the Location
  • Intrinsic Value – Large Format Restaurant at 3,768 Square Feet on a Sizeable 1.31 Acre Parcel with 66 Parking Spaces, Providing Wendy’s with the Ability to Effectively Handle High Restaurant Volume
  • Densely Populated, Infill Location with Excellent Demographics – Over 72,500 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $110,000
  • High Traffic Location – More Than 26,500 Vehicles Per Day on Madison Blvd, Over 20,000 Vehicles Per Day on Sullivan Street, and an Additional 78,063 on Nearby Interstate-565
  • Over 19.1 Million Square Feet of Office and Industrial Space, 6 Million Square Feet of Retail and Restaurant Space and More Than 2,500 Businesses within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of Over 45,000 Employees
  • Approximately 2.6 Miles from the Brand-New $46 Million Toyota Field – Home of the Rocket City Trash Pandas, Which are the LA Angels AA Minor League Affiliate – The Stadium Seats More Than 7,000 People & Welcomes Over 270,000 Visitors Annually
  • Located Across the Highway from the Brand-New Town Madison Project, a Massive Mixed-Use Development that Will Contain More Than 1 Million Square Feet of Commercial Space – Over $500 Million Has Already Been Developed, Creating More Than 1,600 Jobs & Another $800-$900 Million is Expected to be Developed by Completion
  • Approximately 2.9 Miles from Huntsville International Airport – The Largest Commercial Airport in Northern Alabama Serving More Than 1.2 Million Passengers Each Year
  • Approximately 6.8 Miles from The University of Alabama in Huntsville with Over 9,200 Students Enrolled & More Than 500 Faculty Members
  • Strong Multi-Family Density with Over 8,300 Apartment Units within a 5-Mile Radius of the Property – 355 Additional Units are Currently Under Construction