Freestanding Wendy's
For Sale
$2,454,167
1902 Martin Luther King Blvd, Malvern, AR 72104
Newly renovated Wendy’s drive-thru on a Walmart outparcel with a long-term NNN lease structure.
Property Size3,466 SF
Lot Size0.82 Acres
Price / SF$708.07
Days on Market76
Property Features for 1902 Martin Luther King Blvd
General Information
Standard status
Active
Size
3,466 SF
Lot size
0.82 Acres
Property subtype
Restaurant
Occupancy
100%
Lease Type
NNN
Financials
Cap Rate
6%
Business Included
Yes
Site & Location
Traffic Count
20,072 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
NNN Lease | ±15 Years Remaining Through February 2041 | Zero Landlord Responsibilities
Three (3) Five-Year Renewal Options | Up to 30 Years of Total Term
1.5% Annual Rent Increases Compounding Throughout Full Lease Term | $147,250 NOI at 6.00% CAP
Guaranteed by FourJay, LLC | Established ±52-Unit Wendy's Franchisee
Outparcel to Walmart Supercenter | Adjacent to Burger King, Popeyes, AT&T, Domino's, Verizon
MLK Blvd Frontage | ±20,072 VPD | Signalized Intersection | Direct Access to I-30 (±50,312 VPD)
2024 Renovation | Updated to Current Wendy's Prototype Standards
Arkansas State University Three Rivers (2,000+ Enrollment) | $8M Nursing Complex Opened Spring 2026
Building Details
Building Size
3,466 SF
Year Built
2005
Year Renovated
2024
Tenancy
Single
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Jun 22
Changed: Sep 3
Last Checked: Sep 4 at 2:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
A freestanding Wendy’s drive-thru restaurant totaling 3,466 square feet sits on 0.82 acres. Built in 2005 and renovated in 2024, the property is secured by an NNN lease with approximately 15 years remaining through February 2041, along with three (3) five-year renewal options. The lease provides zero landlord responsibilities, with annual base rent of $147,250 that includes 1.5% annual rent increases compounding throughout the lease term. The location is operated and guaranteed by FourJay, LLC, a 52-unit Wendy’s franchisee.
The site fronts Martin Luther King Boulevard at a signalized intersection with Long Street. It is positioned near Interstate 30 immediately to the north, with reported 20,072 vehicles per day on Martin Luther King Boulevard and 50,312 vehicles per day on I-30. Nearby commercial neighbors include Walmart Supercenter, Burger King, Popeyes, AT&T, Domino’s, and Verizon.
This property is well-suited for buyers seeking a drive-thru restaurant asset with a tenant-guaranteed NNN structure and an established brand. Its placement on a major arterial with surrounding retail and services supports straightforward tenant operations, while the long lease remaining through 2041 and renewal options provide continuity for an incoming owner.
The site fronts Martin Luther King Boulevard at a signalized intersection with Long Street. It is positioned near Interstate 30 immediately to the north, with reported 20,072 vehicles per day on Martin Luther King Boulevard and 50,312 vehicles per day on I-30. Nearby commercial neighbors include Walmart Supercenter, Burger King, Popeyes, AT&T, Domino’s, and Verizon.
This property is well-suited for buyers seeking a drive-thru restaurant asset with a tenant-guaranteed NNN structure and an established brand. Its placement on a major arterial with surrounding retail and services supports straightforward tenant operations, while the long lease remaining through 2041 and renewal options provide continuity for an incoming owner.
Key Highlights
- 3,466 SF freestanding Wendy’s drive‑thru built in 2005 and renovated in 2024 on 0.82 acres
- NNN lease with approximately 15 years remaining through February 2041 plus three (3) five‑year renewal options
- Annual base rent $147,250 with 6.00% cap rate; 1.5% annual rent increases compounding over the lease term
Property Analytics
Property Profile
Current Use
Lease Details
20,072 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 72104, AR
23,456
Population
9,771
Households
2.4
Avg Household Size
41
Median Age
15%
College-Educated
88%
High-School Grad
326.5 sq mi
ZIP Area
72
Density / Sq Mi
$51,492
Median Household Income
$33,672
Median Earnings
$768
Median Rent
$117,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Newly renovated Wendy’s drive-thru on a Walmart outparcel with a long-term NNN lease structure.
Where is this drive through restaurant located?
The property is located at 1902 Martin Luther King Blvd Malvern, AR.
What is the asking price?
The asking price for this property is $2,454,167.
What are key features of this property?
This property features: 3,466 SF freestanding Wendy’s drive‑thru built in 2005 and renovated in 2024 on 0.82 acres; NNN lease with approximately 15 years remaining through February 2041 plus three (3) five‑year renewal options; Annual base rent $147,250 with 6.00% cap rate; 1.5% annual rent increases compounding over the lease term
