Wendy’s, Huntsville, AL

1624 US Hwy 72 E no-imageVIEW MAP

Property Information

Price: $2,161,160

Cap Rate: 5.0%
NOI: $108,058
Lease Term: 20 Years
Lease Type: Absolute NNN
Building Size: Approximately 3,154 Square Feet
Year Built: 1998/2017
Status: Available
Lead Broker Information:

Randy Bell



Property Description

Investment Highlights

  • Absolute NNN Lease with 11.5 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 25 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 2017 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 3,154 Square Feet on a Sizeable 1.11 Acre Parcel with 43 Parking Spaces, Providing Wendy’s with the Ability to Effectively Handle High Restaurant Volume
  • Densely Populated, Infill Location with Strong Demographics – Over 78,000 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $112,050
  • High Traffic Location – More Than 50,000 Vehicles Per Day on Lee Highway (US-72) & Over 24,500 Vehicles Per Day on Moores Mill Rd
  • Over 10.9 Million Square Feet of Industrial & Office Space and 5.8 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 4,000 Businesses & 42,000 Employees
  • Located Directly in Front of the Brand-New Trailhead Community Huntsville, a Massive Mixed-Use Housing Community that at Completion Will Contain Over 650 Luxury Multi-Family Units, 250 New Construction Homes, a 200-Room Hotel, 241K SF of Retail/Restaurant Space, 179K SF of Office Space, a 43,000 SF Grocery Store & Access to Over 155-Acres of Mountain Biking Trails & 2,100-Acres of State Parkland & Trails
  • Positioned Across the Street from the Mitchell Plastics & PPG Industries Manufacturing Plants with Over 800 Combined Employees, Bring Daily Consumers Directly in Front of the Property
  • Huntsville is the Largest city in Alabama & Was Recently Ranked in the Top 10 Southeastern Cities on the Rise – According to a 2023 U.S. News & World Report, Huntsville is the Second-Best Place to Live in the Country & the First Best Place to Live in Alabama
  • Approximately 0.4-Miles from the New 85 Bed Encompass Health Rehab Hospital of North Alabama with Over $66.25 Million in Total Patient Revenue in 2023 and a Staff of More Than 300 Healthcare Professionals
  • Approximately 2.5 Miles from Alabama A&M University with Over 6,600 Students Enrolled & 800 Faculty Members on Staff
  • Strong Multi-Family Density with Over 4,800 Apartment Units within a 5-Mile Radius of the Property