Single-Tenant NNN Restaurant
For Sale
Contact for pricing
150 Leon Smith Pkwy, Oxford, AL 36203
Fee simple restaurant investment leased to Wendy’s under a long-term NNN agreement with scheduled rental increases and extension options.
Property SizeContact for details
Days on Market144
Property Features for 150 Leon Smith Pkwy
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Forged Real Estate
(610) 608-2621
Listed By:
Stephen Schrenk · License #NJ
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 12:12PM
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 Forged Real Estate
Investment Insights
Based on property information with market context.
This fee simple restaurant property is occupied by Wendy’s under a single-tenant NNN lease. A recent amendment established a 20-year lease term, with 6% rental increases every 3 years continuing through two, 10-year option periods. The asset is offered as a net-leased restaurant property with an established quick-service operating platform and an operator, Starboard Group, that operates over 100 Wendy’s restaurants.
The property sits at the intersection of I-20 and SH-431 in Oxford, Alabama, placing the restaurant at a junction serving regional traffic. Quintard Mall is located two and a half miles away and includes JCPenney, Dillard’s, Amstar Cinemas, and Sportsmania. Oxford has a population over 21,000 residents, while the surrounding area includes hospitality, retail, and downtown redevelopment activity.
The property sits at the intersection of I-20 and SH-431 in Oxford, Alabama, placing the restaurant at a junction serving regional traffic. Quintard Mall is located two and a half miles away and includes JCPenney, Dillard’s, Amstar Cinemas, and Sportsmania. Oxford has a population over 21,000 residents, while the surrounding area includes hospitality, retail, and downtown redevelopment activity.
Key Highlights
- Wendy’s single‑tenant property leased under a NNN structure
- 20‑year lease term established through a recent amendment
- 6% rental increases every 3 years
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
390k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Groceries 14%
Shops & Services 13%
Home Improvements & Furnishings 9%
Publix
Groceries
52,629 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
32,309 visits/mo
0.4 miles
Cracker Barrel Old Country Store
Dining
28,863 visits/mo
0.1 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
24,820 visits/mo
0.1 miles
Chevron
Shops & Services
21,768 visits/mo
0.5 miles
Demographics for 36203, AL
19,460
Population
8,032
Households
2.4
Avg Household Size
40
Median Age
26%
College-Educated
86%
High-School Grad
39.4 sq mi
ZIP Area
494
Density / Sq Mi
$65,920
Median Household Income
$40,474
Median Earnings
$891
Median Rent
$166,000
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?
NNN property - Fee simple restaurant investment leased to Wendy’s under a long-term NNN agreement with scheduled rental increases and extension options.
Where is this nnn property located?
The property is located at 150 Leon Smith Pkwy Oxford, AL.
What are key features of this property?
This property features: Wendy’s single‑tenant property leased under a NNN structure; 20‑year lease term established through a recent amendment; 6% rental increases every 3 years
