Wendy's NNN Investment
7305 Hwy 182 E Morgan City, LA 70380
7305 Hwy 182 E, Morgan City, LA, 70380
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For Sale
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High-visibility Wendy's with long-term lease and rent increases.
Property Size3,037 SF
Price / SF$531.77
Days on Market53
Property Features for 7305 Hwy 182 E
General Information
- Standard status
- Active
- Size
- 3,037 SF
- Property subtype
- RETAIL
Listing Agency
Northmarq | New York
(646) 845-8426
Listed by
Ashley Wilhide
(646) 845-8424
Source
Moodyscre
Added: May 26 Checked: Jul 17 at 6:05 am
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 Northmarq | New York
Investment Insights
Based on property information with market context.
This commercial property, currently operating as a Wendy's restaurant, presents an investment opportunity with a triple net lease structure, meaning zero landlord responsibilities. The tenant, Wendy's, has over 13 years of firm term remaining on the lease, which includes built-in rent increases through the initial term and first option. Wendy's has been operating at this location since 2010, demonstrating a history of profitability. In 2023, the site underwent renovations to the Wendy's store format. The property is located on Highway 182 East in Morgan City, LA, a high-visibility corridor with traffic counts exceeding 33,000 vehicles per day. Its location is directly next to a Greyhound Bus Stop, the Morgan City Courthouse, and the Morgan City Police Department. The Wendy's is operated by Wen-Alex, Inc., a Wendy’s franchisee with 29 years of experience, which currently operates 11 stores. The property size is 3,037 square feet.
Key Highlights
- High‑visibility location on Highway 182 East with strong traffic counts.
- Long‑term lease with over 13 years remaining and built‑in rent increases.
- Absolute triple net lease structure with zero landlord responsibilities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drive through restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - High-visibility Wendy's with long-term lease and rent increases.
Where is this drive through restaurant located?
The property is located at 7305 Hwy 182 E Morgan City, LA.
What is the asking price?
The asking price for this property is $1,615,000.
What are key features of this property?
This property features: High‑visibility location on Highway 182 East with strong traffic counts.; Long‑term lease with over 13 years remaining and built‑in rent increases.; Absolute triple net lease structure with zero landlord responsibilities.
