December 19, 2019 – Logan Fite, Robert Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Wendy’s in Stone Mountain, Georgia. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,639,000.
Wendy’s is located at 1235 South Hairston Road in Stone Mountain. The stand-alone building consists of 2,864 square feet and sits on a 0.81 acre lot, and benefits from a drive-thru. Wendy’s has over 6 years remaining on a long-term absolute triple net (NNN) lease with four, 5-year renewal options. The lease calls for 1.5% annual rent increases throughout the base term and option periods. The property is well located along Hairston Road with more than 21,260 vehicles per day, and is an outparcel to a Kroger anchored Retail center, the areas dominant grocer.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.