Century Partners Real Estate is pleased to offer the unique opportunity to acquire a single-tenant Wendy’s drive-thru restaurant located in Memphis, Tennessee. The site is a prominently located outparcel to Sam’s Club, adjacent to McDonald’s along Covington Pike, a premier commute corridor in Memphis connecting directly to I-40. The corridor features a strong car dealership presence along with a multitude of local businesses and industrial centers. The strong local business presence has bolstered this site’s performance since its original construction in 1986. The site is currently undergoing a complete ground-up restoration to Wendy’s latest site prototype and is set to open in June 2025. The property is tenanted by Meritage Hospitality, one of the largest Wendy’s operators, which operates 388 stores across 16 states. It also carries a guaranty from Meritage Hospitality, ensuring long-term security and stable operation through the 20 years of base term plus (6) 5-year options. The Absolute NNN lease has no landlord requirements and features annual CPI rent increases capped at 1.50% annually.