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3302 N Washington St

Forrest City, AR 72335

$938,875

Fast Food For Sale  •  2,582 Sq Ft

Property Details

  • Property Type Fast Food
  • Total Building Size 2,582 Sq Ft
  • Lot Size 1.16 ac
  • Building Class C
  • Year Built 1986
  • Cap Rate 8.00 %
  • Tenancy Single
  • Zoning Commercial
0 Transit Score
20 Walk Score

Description

2,582 SF Wendy’s Restaurant with Drive Thru
Forrest City is 45 Miles West of Memphis and 85 Miles East of Little Rock | Subject Property is Less Than 1 Mile From Interstate 40 (27,000 VPD)
Situated on N Washington Street Just North of Downtown Forrest City | 16,000+ VPD | Local Retail Corridor | 5 Hotels Within a Mile of the Restaurant
Approximately 1 Mile From Walmart, Fred’s Pharmacy & Edwards Food Giant | 2 Miles From East Arkansas Community College (1,500+ Students)
Approximately 8 Miles From Delta Regional Airport
10 Mile Population Exceeds 23,800 Residents
Average Household Income Exceeds $46,000 Within 3 Miles
Median Home Value Exceeds $78,000 Within 3 Miles
Located Near National Retail Tenants Including Walmart, Dollar Tree, CATO, Taco Bell, O’Reilly Auto Parts, Hibbett Sports, AutoZone and Walgreens

Highlights

6 Year Absolute Net Lease | No Landlord Responsibilities
1.5% Annual Rent Increases | Five, One Year Options
Guaranteed Lease | Meritage Hospitality Group, Inc. - 309+ Restaurants in 16 States
Cap Rate: 8.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Wendy's 2,582 SF 1/31/2023

Amenities

  • Restaurant
  • Drive Thru
Doug Passon 248-254-3407 Fortis Net Lease
Doug Passon 248-254-3407 Fortis Net Lease