Wendy's & KFC Parking

Investment Overview

This offering combines a freestanding Wendy’s restaurant with a separately leased rear parking area serving the adjacent KFC along Old National Highway. The Wendy’s restaurant is 3,150 square feet, and provides rental income alongside the KFC parking ground lease. Wendy’s current lease term extends through December 31, 2029, while the KFC parking ground lease has been renewed through December 31, 2031. Both leases feature scheduled rent increases with the renewal options, providing income growth opportunities. Strategically positioned along Old National Highway, with 48,000 cars passing per day, the property benefits from visibility, convenient access, and proximity to established residential communities, retail establishments, and national restaurant operators. The property is also located near the busiest international airport in the world, along with all the supporting businesses.

Investment Highlights

• Two rental income sources: Wendy’s restaurant and KFC rear parking lease.
• Wendy’s lease started in 2008 term and is now in the 2nd option period through December 31, 2029, with 3 x 5 remaining options with 10% increases each.
• KFC parking ground lease started in 2001 and signed the 2nd option early through December 31, 2031, with 2 x 5 remaining options with 10% increases each.
• The Wendy's rent is considered below market at $52,708 per year
• KFC owns their building and parcel and leases the rear area for additional parking
• The property was previously a Shoney's restaurant before redevelopment
• 48,000 cars passing per day - Excellent visibility and accessibility along Old National Highway and Jolly Road
• There is a center median on Old National Hwy, but easy left turn access onto Jolly Road with driveway access to both restaurants
• Surrounded by residential neighborhoods, retail establishments, and national restaurant operators.
• Located near the busiest International airport in the world - Hartsfield Jackson Atlanta International Airport
• Improving area - 3 mile average household income is currently $78,700 with a 5 year projection to be $99,800 or a 23% increase