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Wendy's | ±10-Yr NNN | Atlanta, GA MSA 1110 Richard D Sailors Pky 2,777 SF Retail Building Powder Springs, GA 30127 $3,325,485 CAD ($1,197.51 CAD/SF) 5.63% Cap Rate
Investment Highlights
- NNN Lease | ±10 Years Remaining Through August 2036 | Zero Landlord Responsibilities
- CPI-Linked Rent Increases Every 5 Years | 5% Cap | $132,300 NOI at 5.63% CAP
- Recently Renovated to Wendy's Modern Prototype Standards (2017)
- Six (6) Five-Year Renewal Options | Up to 40 Years of Total Term
- Guaranteed by Meritage Hospitality Group Inc. | 375+ Wendy's Locations Across 15+ States
- Richard D. Sailors Pkwy Frontage | ±27,314 VPD | Intersection w/ New Macland Rd (±8,727 VPD)
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Wendy’s drive-thru at 1110 Richard D. Sailors Parkway in Powder Springs, Georgia, within the growing Cobb County submarket of the Atlanta MSA. The ±2,777-square-foot restaurant, originally built in 1999 and renovated to Wendy’s modern prototype standards in 2017 (est.), sits on ±0.70 acres and is secured by an NNN lease with approximately 10 years remaining through August 2036, zero landlord responsibilities, and six (6) five-year renewal options. Annual base rent of $132,300 at a 5.63% cap rate includes CPI-linked rent increases every five years (capped at 5%), providing consistent inflation-protected income growth. The lease is guaranteed by Meritage Hospitality Group Inc., one of the nation’s largest Wendy’s franchisees operating 375+ locations across 15+ states.
The property fronts Richard D. Sailors Parkway (±27,314 VPD) at its intersection with New Macland Road (±8,727 VPD), with corridor neighbors including Publix, Walgreens, Great Clips, and Jersey Mike’s directly adjacent. The 3-mile trade area holds 46,804 residents with an average household income of $121,465, and the 5-mile population of 124,155 averages $120,148 per household, supported by McEachern High School (2,175 students), South Cobb High School (2,137 students), and Hiram High School (1,503 students). The Powder Springs trade area is actively growing, with an 88-home Meritage Homes community under construction nearby and a $2 million Richard D. Sailors Parkway resurfacing project underway through 2026. The property sits within the Atlanta MSA, home to 6.45 million residents and anchored by major employers including Coca-Cola, Delta Air Lines, The Home Depot, UPS, and the CDC.
The property fronts Richard D. Sailors Parkway (±27,314 VPD) at its intersection with New Macland Road (±8,727 VPD), with corridor neighbors including Publix, Walgreens, Great Clips, and Jersey Mike’s directly adjacent. The 3-mile trade area holds 46,804 residents with an average household income of $121,465, and the 5-mile population of 124,155 averages $120,148 per household, supported by McEachern High School (2,175 students), South Cobb High School (2,137 students), and Hiram High School (1,503 students). The Powder Springs trade area is actively growing, with an 88-home Meritage Homes community under construction nearby and a $2 million Richard D. Sailors Parkway resurfacing project underway through 2026. The property sits within the Atlanta MSA, home to 6.45 million residents and anchored by major employers including Coca-Cola, Delta Air Lines, The Home Depot, UPS, and the CDC.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,777 SF
Building Class
B
Year Built/Renovated
1999/2017
Price
$3,325,485 CAD
Price Per SF
$1,197.51 CAD
Cap Rate
5.63%
NOI
$187,218 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.70 AC
Zoning
CRC
Parking
46 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-0830-0-031-0 | Improvements Assessment | $208,882 CAD |
| Land Assessment | $347,041 CAD | Total Assessment | $555,922 CAD |
Property Taxes
Parcel Number
19-0830-0-031-0
Land Assessment
$347,041 CAD
Improvements Assessment
$208,882 CAD
Total Assessment
$555,922 CAD
Contacts
-
Nick Solomon -
Tyler Bindi -
Jason Fefer -
Robert Narchi -
John Leonard -
Marcus & Millichap
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Wendy's | ±10-Yr NNN | Atlanta, GA MSA | 1110 Richard D Sailors Pky
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