4071 Covington Hwy Decatur, GA 30032-2604

Property Details for 4071 Covington Hwy

Year built

1992

Construction

WOOD FRAME

Lot size

0.90 lot acres

Property size

2,926 SF

Zone code

C1

Property type

Turn key restaurants

APN

15 197 18 001

APU

1519718001

Description

This exceptional investment opportunity features a 2,926 square foot Wendy's restaurant located at 4071 Covington Hwy, Decatur, GA 30032, in DeKalb County. The property sits on a 0.9-acre lot and boasts a fee-simple ownership structure. Built in 1992 and renovated in 2024, this property is under a 20-year triple-net (NNN) lease with a corporate guarantee from Meritage Hospitality Group, a significant Wendy's franchisee with over 388 units. The current annual net operating income (NOI) is $168,000, representing a 5.15% cap rate on the $3,262,136 asking price. The lease includes annual rent increases, with the lesser of a 1.50% increase or the change in the Consumer Price Index (CPI). This is a low-management, high-return investment with significant long-term potential. The property's strong tenant, long lease term, and built-in rent escalations make it an attractive addition to any portfolio. The location in Decatur, Georgia offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, high-performing Wendy's franchise.