Wendy's | Memphis, TN

6781 E Shelby Dr

Memphis, TN

Investment Highlights

Lease Highlights

Property Overview

Long-Term Absolute NNN Lease

The property is secured by a long-term absolute triple-net (NNN) lease with approximately 13 years of remaining term, offering investors a fully passive ownership structure with no landlord responsibilities. The lease includes six additional five-year renewal options, providing long-term income stability and extended duration potential. Annual rent increases are structured at the lesser of CPI or 1.25%, delivering steady growth while offering a built-in hedge against inflation.

Nationally-Recognized Franchisee with 375+ Locations

The tenant, Meritage Hospitality Group (OTCQX: MHGU), is an established and publicly traded franchisee operating more than 375 restaurant locations nationwide, including Wendy’s and Morning Belle concepts. The company reported revenues exceeding $617 million for year-end 2025 and maintains an approximate net worth of $88 million, reflecting strong operational scale and financial stability. This depth of infrastructure and experience supports long-term performance at the site level.

Established National QSR Brand with 7,000+ Locations

The property benefits from tenancy by Wendy’s, a nationally recognized quick-service restaurant brand with more than 7,000 locations across the United States and select international markets. Backed by decades of operating history and strong consumer brand recognition, Wendy’s continues to be a highly desirable tenant among investors seeking stable, long-term retail assets within the QSR sector.

Broker Of Record

Jody McKibben