Wendy's | Top Performing Location | Low Rent | Atlanta MSA

Highlights:

• MILLEDGE DENTAL PARTNERS | STRONG CORPORATE GUARANTY FROM TENNESSEE BASED DENTAL OPERATOR
• 10-YEAR ABSOLUTE NET LEASE | ZERO LANDLORD RESPONSIBILITIES
• STRATEGIC CORPORATE SALE LEASEBACK | LONG-TERM SUCCESS OF LOCATION
• IMPRESSIVE UNIT LEVEL SALES WITH HIGH SALES GROWTH: ONE OF THE TOP LOCATIONS IN MILLEDGE DENTAL PARTNERS SYSTEM
• STRONG DEMOGRAPHICS | 121,000 RESIDENTS WITH AHHI OF $117,827 IN 5-MILE RADIUS
• STRATEGIC LOCATION WITH ACCESS TO LOVELL ROAD / HWY 131 (39,260 VPD)
• KNOXVILLE TENNESSEE: RANKED AS TOP GROWING MSA IN UNITED STATES

Description:

CARROLLTON BROKER OF RECORD......... JEREMY YARBROUGH.... License No: H-62003

Faris Lee Investments is pleased to present the opportunity to acquire a high-performing Wendy’s ground lease located in the heart of Carrollton, Georgia—a growing market within the greater Atlanta metro area. This absolute NNN ground lease offers a truly passive investment with zero landlord responsibilities and over 12 years of secure remaining term.

The lease commenced in October 2022 and features 10% rental increases every five years throughout the base term and option periods, providing predictable income growth and a hedge against inflation. The current base rent of $95,000 is significantly below market for Wendy’s assets (average: $140,400), creating an attractive basis and strong rent-to-sales ratio. A scheduled rent bump to $104,500 in 2027 enhances long-term yield and adds further value.

This Wendy’s is operated by WenMarr Management Company, LLC, a distinguished and proven franchisee with over 35 years of experience and 46 Wendy’s locations across Georgia. WenMarr was inducted into the Wendy’s Hall of Fame in 2024—the brand’s highest honor—recognizing its consistent operational excellence.

Constructed in 2022, the property features Wendy’s modern prototype with a dedicated drive-thru and contemporary design, limiting near-term capital expenditures. The site is strategically positioned at the signalized intersection of Bankhead Highway (GA-166), Carrollton’s primary commercial corridor with ±35,200 vehicles per day. The property benefits from co-tenancy with national brands such as Chick-fil-A, McDonald’s, Zaxby’s, Dunkin’ and LongHorn Steakhouse.

The subject Wendy’s outperforms the brand’s national average volume of $2.27M and ranks in the top 25% of Wendy’s locations nationwide. The store’s sub-5% rent-to-sales ratio reinforces long-term operational sustainability for the tenant and income security for the landlord.

This offering represents a rare opportunity to acquire a low-rent, high-performing Wendy’s ground lease in a dense QSR trade corridor, backed by a top-tier franchisee and industry-leading brand. The property combines intrinsic real estate value, long-term lease security, and strong operator credit—making it an ideal fit for passive, income-focused investors.

Carrollton, Georgia, situated approximately 53 miles west of Atlanta, offers a compelling blend of historic charm and modern vibrancy. As the county seat of Carroll County, the city had an estimated population of around 27,100 in 2023, with a median age of 27.5, largely influenced by the presence of the University of West Georgia. The racial and ethnic makeup is diverse, with White (Non-Hispanic) residents making up about 49-53%, followed by Black or African American (Non-Hispanic) at 30-37%, and a growing Hispanic or Latino population ranging from 9-13%.
Economically, Carrollton thrives with a healthy employment rate and a low unemployment rate (around 3.4% as of May 2025). Key industries driving its economy include manufacturing, notably with Southwire as a major employer, along with robust sectors in educational services (due to the University of West Georgia and local schools), healthcare, retail trade, and professional services. The city actively promotes economic growth through organizations like the Carroll County Chamber of Commerce and Carroll Tomorrow, while the West Georgia Regional Airport further supports business and corporate air traffic.
The housing market in Carrollton has seen a median property value of approximately $283,100 in 2023, though it’s characterized by a higher-than-average renting population (around 62%), again, partly attributed to the large student presence. Efforts are underway to address the demand for various housing types, including single-family homes, townhomes, and multi-family units.
Beyond its economic aspects, Carrollton is celebrated for its quality of life and distinctive features. The historic downtown, centered around Adamson Square, is a bustling hub of local restaurants, unique shops, and frequent cultural events like concerts and art exhibits. The city boasts a strong arts and culture scene, exemplified by the Carrollton Center for the Arts and The Amp at Adamson Square. Outdoor enthusiasts benefit from the 18-mile Carrollton GreenBelt, a multi-use path, and numerous parks such as John Tanner Park and Little Tallapoosa Park, offering opportunities for hiking, camping, and other recreational activities. Additionally, Carrollton is home to the highly-rated Hobbs’ Farm Disc Golf Course and is near Historic Banning Mills, known for the world’s longest canopy tour, all contributing to its appeal as a dynamic and welcoming community.