Wendy's | Rare 20-Yr Initial Lease | Southeast US
$2,367,000
4268 Ogeechee Rd, Savannah, GA 31405
2,212 sqft
Building Size
1.0143 acres
Lot Area
Details:
Highlights:
- Brand new, drive-thru Wendy’s in Savannah, GA
- Long term & rare initial 20 year lease
- 10% fixed rental increases every 5 years
- Absolute NNN lease: ultimate ease of management for investor
- Fee Simple interest: Land & Building ownership
- Large Multi-Unit Operator | 87+ Wendy’s units & 11+ Wingstop units
- Estimated $175,000,000 - $200,000,000 dollars in revenue per QSR Magazine
- Ranked the 89th largest franchise operator in the U.S. by Revenue, per QSR Magazine
- Wendy’s (Nasdaq: WEN): more than 55 years serving America as one of the top fast food destination brands
- Low Annual Rent for 20-yr QSR asset in Southeast U.S.
- Projected Healthy 5.50% Rent to Sales Ratio
Description:
BROKER OF RECORD... JEREMY YARBROUGH...License No: H-62003
Faris Lee Investments is pleased to present the opportunity to acquire a brand new, drive-thru Wendy’s located in the heart of Savannah, Georgia. The city has become known as one of the nation’s fastest-growing markets and home to the flourishing Port of Savannah. This QSR asset sits prominently on Ogeechee Road (GA Highway 17), a retail-dense corridor with ±27,000 vehicles per day and filled with national QSR brands. Wendy’s opened for business in September 2024 following a full renovation, and commenced a 20-year absolute NNN lease with no landlord responsibilities. The property is positioned within close proximity to Hunter Army Airfield (2.0 miles), Downtown Savannah (4.0 miles), and the Port of Savannah (5.25 miles), ensuring a consistent base of local residents and flow of daytime traffic. The long-term lease, strong real estate fundamentals, and absence of landlord responsibilities creates an outstanding investment opportunity for a passive investor.
The subject property is embedded within the city of Savannah (GA), a market that continues to experience massive growth from port activity (4th busiest in the U.S.), new corporate investment, and infrastructure expansion. There are more than 123,000 residents within a 5-mile radius of the site. Major regional employers in the trade area include Gulfstream Aerospace, International Paper, Hyundai, and JCB. Additionally, the city of Savannah issued a record number of building construction permits in 2024, further solidifying its place as an expanding market in the Southeast. This fee simple Wendy’s offering combines strong real estate fundamentals in a high-growth market, intrinsic ownership, and a national QSR branded-tenant, making it an exceptional opportunity for investors looking to acquire an Absolute NNN investment property.
Savannah, Georgia, is a charming coastal city renowned for its rich history, captivating architecture, and quintessential Southern hospitality. As one of the oldest planned cities in the United States, established in 1733, its historic district is a sprawling National Historic Landmark, featuring 22 picturesque public squares, cobblestone streets, and magnificent antebellum mansions draped in Spanish moss. Visitors flock to explore iconic sites like Forsyth Park, River Street, and the many museums, art galleries, and historic homes, often taking advantage of various walking, trolley, and even ghost tours that delve into the city’s unique past and folklore. Savannah’s vibrant cultural scene also boasts a lively City Market, diverse culinary experiences from classic Southern fare to gourmet dining, and a thriving arts community, largely influenced by the Savannah College of Art and Design (SCAD). Just a short drive away lies Tybee Island, offering pristine beaches and a relaxed coastal escape.
Economically, Savannah benefits significantly from its status as a major port city, with the Port of Savannah being one of the busiest in the nation, driving robust logistics and distribution sectors. Tourism and hospitality are also cornerstone industries, attracting over 17 million visitors annually and generating billions in revenue. The local economy is further diversified by a growing presence in advanced manufacturing, aerospace (home to Gulfstream Aerospace), automotive manufacturing, entertainment production, and healthcare, with a skilled workforce supported by numerous colleges and universities. While the region has seen recent economic growth and job creation, particularly in leisure, hospitality, and logistics, there’s an ongoing focus on sustainable development and addressing challenges like housing demand, with efforts to create a resilient and balanced economy for all residents.
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