Absolute NNN Wendy’s
For Sale
$2,172,276
6781 E Shelby Dr, Memphis, TN 38141
Absolute NNN Wendy’s investment offered with approximately 13 years remaining and a tenant-guaranteed lease structure.
Property Size2,646 SF
Price / SF$820.97
Days on Market116
Property Features for 6781 E Shelby Dr
General Information
Standard status
Active
Size
2,646 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Additional Details
Cap Rate
5.68%
Amenities
Long-Term Absolute NNN Lease
Strong Franchisee Guarantee
Established National QSR Brand
Strong Memphis Retail Corridor
Defensive QSR Investment
Building Details
Building Size
2,646 SF
Tenancy
Single
Listed By:
Jason Hernandez · License #License(s): CA: 01392646, TN: 377081
(615) 997-2834
Source:
Marcusmillichap
Added: Jun 28
Changed: Oct 9
Last Checked: Oct 20 at 5:06PM
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 Jason Hernandez
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Investment Insights
Based on property information with market context.
This offering presents an absolute NNN Wendy’s investment with approximately 13 years of remaining lease term and no landlord responsibilities. The lease is guaranteed by Meritage Hospitality Group, a Wendy’s franchisee operating 375+ locations, and includes six, five-year renewal options. Annual rent increases are tied to the lesser of CPI or 1.25%, providing a defined escalator throughout renewal terms.
The property is located along E. Shelby Drive in a dense Memphis retail corridor, serving over 161,000 residents within a five-mile radius. For-sale terms also reflect a 5.68% figure as stated in the offering materials.
The property is located along E. Shelby Drive in a dense Memphis retail corridor, serving over 161,000 residents within a five-mile radius. For-sale terms also reflect a 5.68% figure as stated in the offering materials.
Key Highlights
- Absolute NNN Wendy’s investment with approximately 13 years of remaining lease term and no landlord responsibilities
- Tenant lease is guaranteed by Meritage Hospitality Group, a Wendy’s franchisee with 375+ locations
- Includes six, five‑year renewal options with annual rent increases tied to the lesser of CPI or 1.25%
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
228k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Groceries 33%
Shops & Services 28%
Apparel 2%
Walmart Neighborhood Market
Groceries
40,860 visits/mo
0.4 miles
Kroger
Groceries
35,299 visits/mo
0.4 miles
McDonald's
Dining
27,555 visits/mo
0.4 miles
Roses Discount Store
Shops & Services
14,642 visits/mo
0.4 miles
Kroger Fuel Center
Shops & Services
14,581 visits/mo
0.4 miles
Demographics for 38141, TN
22,333
Population
8,306
Households
2.7
Avg Household Size
33
Median Age
17%
College-Educated
90%
High-School Grad
7.8 sq mi
ZIP Area
2,863
Density / Sq Mi
$64,050
Median Household Income
$41,114
Median Earnings
$1,389
Median Rent
$146,100
Median Home Value
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Market
Vacancy Rate% for Retail in Memphis, TN
Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN Wendy’s investment offered with approximately 13 years remaining and a tenant-guaranteed lease structure.
Where is this nnn property located?
The property is located at 6781 E Shelby Dr Memphis, TN.
What is the asking price?
The asking price for this property is $2,172,276.
What are key features of this property?
This property features: Absolute NNN Wendy’s investment with approximately 13 years of remaining lease term and no landlord responsibilities; Tenant lease is guaranteed by Meritage Hospitality Group, a Wendy’s franchisee with 375+ locations; Includes six, five‑year renewal options with annual rent increases tied to the lesser of CPI or 1.25%
