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Wendy's - Jackson, MS (High St) 1240 High St 3,215 SF Retail Building Jackson, MS 39202 $3,080,050 CAD ($958.02 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Property Renovated in 2025!
- 20-Year Abs. NNN Lease | No Landlord Responsibilities
- Very Strong Wendy’s Operator | 200+ Units
- 3,215 Square Foot Restaurant with Drive-Thru
- Attractive Rental Increases | 10% Increases Every 5 Years
- Located in Close Proximity to the Mississippi State Capitol, the Governor’s Mansion, and the Mississippi Supreme Court
Executive Summary
Marcus & Millichap is pleased to present for sale this Absolute Net-Leased Wendy’s located at 1240 High Street in Jackson, Mississippi, in the heart of the city and just down the street from the Mississippi State Capitol. The subject property consists of a 3,215 square-foot free-standing building with a drive-thru and is situated on a .85-acre parcel of land.
Strategically located just off the exit of Interstate Highway 55, which sees 113,000+ vehicles per day, and along High Street Road, a bustling corridor, the property enjoys excellent visibility and a strong consumer draw. The property is also in close proximity to the Mississippi State Capitol, the Governor’s Mansion, and the Mississippi Supreme Court, and is situated within the Jackson Downtown area, home to Jackson City Hall, the Mississippi Museum of Art, Thalia Mara Hall, the Jackson Convention Complex, and the University of Mississippi Medical Center.
At closing, the tenant, a leading Wendy’s franchisee, will execute a 20-year absolute NNN lease with 10 percent rent increases every five years.
Wendy’s is one of the world’s leading fast-food burger chains, known for its fresh, never frozen beef, signature square-shaped burgers, and high-quality ingredients. Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy’s has built a strong brand centered around innovation, customer satisfaction, and a commitment to fresh, made-to-order meals. The chain’s flagship menu items include the iconic Dave’s Single, Spicy Chicken Sandwich, and Frosty desserts, along with a variety of salads, chicken nuggets, and breakfast options. With thousands of locations worldwide, Wendy’s continues to grow its presence, leveraging modern digital ordering, drive-thru convenience, and an expanding global footprint to remain competitive in the quick-service restaurant (QSR) industry.
Strategically located just off the exit of Interstate Highway 55, which sees 113,000+ vehicles per day, and along High Street Road, a bustling corridor, the property enjoys excellent visibility and a strong consumer draw. The property is also in close proximity to the Mississippi State Capitol, the Governor’s Mansion, and the Mississippi Supreme Court, and is situated within the Jackson Downtown area, home to Jackson City Hall, the Mississippi Museum of Art, Thalia Mara Hall, the Jackson Convention Complex, and the University of Mississippi Medical Center.
At closing, the tenant, a leading Wendy’s franchisee, will execute a 20-year absolute NNN lease with 10 percent rent increases every five years.
Wendy’s is one of the world’s leading fast-food burger chains, known for its fresh, never frozen beef, signature square-shaped burgers, and high-quality ingredients. Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy’s has built a strong brand centered around innovation, customer satisfaction, and a commitment to fresh, made-to-order meals. The chain’s flagship menu items include the iconic Dave’s Single, Spicy Chicken Sandwich, and Frosty desserts, along with a variety of salads, chicken nuggets, and breakfast options. With thousands of locations worldwide, Wendy’s continues to grow its presence, leveraging modern digital ordering, drive-thru convenience, and an expanding global footprint to remain competitive in the quick-service restaurant (QSR) industry.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,215 SF
Building Class
B
Year Built/Renovated
2006/2025
Price
$3,080,050 CAD
Price Per SF
$958.02 CAD
Cap Rate
5.75%
NOI
$177,103 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.85 AC
Opportunity Zone
Yes
Parking
32 Spaces (9.95 Spaces per 1,000 SF Leased)
Frontage
62’ on High St
Amenities
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 1026-0023-003 | Improvements Assessment | $83,493 CAD |
| Land Assessment | $73,110 CAD | Total Assessment | $156,603 CAD |
Property Taxes
Parcel Number
1026-0023-003
Land Assessment
$73,110 CAD
Improvements Assessment
$83,493 CAD
Total Assessment
$156,603 CAD
Contacts
-
Ronnie Issenberg -
Ricardo Esteves -
Gabriel Britti -
William Davis -
Marcus & Millichap
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Wendy's - Jackson, MS (High St) | 1240 High St
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