• Broker Glen Kunofsky 3323454222
  • Broker Ryan Sblendorio 3323454268
  • Broker Kyle Karsian 3323454271
  • Broker Andrew Darby 3323457299

Wendy's 4071 Covington Hwy 2,926 SF Retail Building Decatur, GA 30032 $4,516,688 CAD ($1,543.64 CAD/SF) 5.15% Cap Rate

View Photo

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
Fast Food
Building Size
2,926 SF
Building Class
C
Year Built/Renovated
1992/2024
Price
$4,516,688 CAD
Price Per SF
$1,543.64 CAD
Cap Rate
5.15%
NOI
$232,609 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.90 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C1, DeKalb County - Retail commercial
Parking
4 Spaces (1.37 Spaces per 1,000 SF Leased)
Frontage
111’ on Covington

AMENITIES

  • Drive Thru

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Covington Hwy I- 285, SE 24,013 2025 0.29 km
I- 285 Covington Hwy, S 9,973 2024 0.32 km
I- 285 Covington Hwy, NE 11,637 2024 0.46 km
I- 285 Covington Hwy, SW 11,672 2023 0.48 km
Covington Hwy Redan Rd, NW 22,518 2023 0.49 km
Covington Highway Redan Rd, NW 22,502 2025 0.50 km
Redwing Circle I- 285, E 2,628 2025 0.54 km
Cornwall Rd Farnham Ct, SE 104 2025 0.55 km
I- 285 Redwing Cir, S 8,168 2024 0.56 km
Farnham Court - 75 2023 0.57 km

NEARBY MAJOR RETAILERS

Champs Chicken
Waffle House
Food Depot

PROPERTY TAXES

Parcel Number 15-197-18-001 Improvements Assessment $440,230 CAD
Land Assessment $538,059 CAD Total Assessment $978,289 CAD

MAP

ADDITIONAL PHOTOS

View Photo 4071 Covington Hwy, Decatur, GA - ariel

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.