Wendy's 4071 Covington Hwy 2,926 SF Retail Building Decatur, GA 30032 $4,523,930 CAD ($1,546.11 CAD/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- 20-Year Triple Net Lease (NNN) | The landlord has zero lease responsibilities.
- Attractive Rental Increases | Lesser of change in CPI, or 1.50% Annually.
- Strong Franchisee Guarantee Meritage Hospitality Group is an experienced 388+ unit operator, and is one of the largest Wendy's franchisee in the world
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Wendy's located at 4071 Covington Hwy, Decatur, GA 30032. The site consists of roughly 2,926 rentable square feet of building space on an estimated 0.9-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $168,000 and has scheduled increases of Lesser of Change in CPI or 1.50% Annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,926 SF
Building Class
C
Year Built/Renovated
1992/2024
Price
$4,523,930 CAD
Price Per SF
$1,546.11 CAD
Cap Rate
5.15%
NOI
$232,982 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.90 AC
Opportunity Zone
Yes
Zoning
C1, DeKalb County - Retail commercial
Parking
4 Spaces (1.37 Spaces per 1,000 SF Leased)
Frontage
111’ on Covington
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-197-18-001 | Improvements Assessment | $458,455 CAD |
| Land Assessment | $560,334 CAD | Total Assessment | $1,018,789 CAD |
