Absolute NNN Wendy’s
6781 E Shelby Dr Memphis, TN 38141
6781 E Shelby Dr, Memphis, TN, 38141
$2,352,442
For Sale
$2,352,442
Absolute NNN Wendy’s investment offered with approximately 13 years remaining and a tenant-guaranteed lease structure.
Property Size2,646 SF
Price / SF$889.06
Days on Market24
Property Features for 6781 E Shelby Dr
General Information
- Standard status
- Active
- Size
- 2,646 SF
- Property subtype
- Restaurant
Listing agency
(615) 997-2834
Listed by
Jason Hernandez · License #License(s): CA: 01392646, TN: 377081
(615) 997-2834
Source
Marcusmillichap
Added: Jun 28 Updated: Jul 21 at 4:22PM Checked: Jul 21 at 4:22PM
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
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
Location Intelligence
Current Use by Public Records
Wendy's
Restaurant
Similar For Sale Nearby
FAQs
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 $2,352,442.
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%
