Retail Space
109 Thomas Road West Monroe, LA 71291
Details & Description
Price: $2,983,911
    Marcus & Millichap is pleased to present for sale this Wendys Fast Food Restaurant located at 109 Thomas Road in West Monroe, Louisiana. At closing, the tenant will sign a 20-Year Absolute NNN Lease with 7.5 percent increases in rent every five years. This Wendys is located only a few minutes from the Major Industrial Hub of West Monroe including Louisiana Plastics which is the leading supplier to the plastics industry, Madison Industries, which is the leading provider of Americas pulp and paper industry, Grainger Industrial Supply, Ruston Industries and Caraustar Industries. This property is located near the 225th Engineer Brigade, the largest engineering formation brigade of the U.S. Army National Guard. Retailers in the immediate area include Chase Bank, Legends Pharmacy, Iberia Bank and Cross Keys Bank. West Monroe is a city in Ouachita parish, Louisiana situated on the Ouachita River across from its neighboring city of Monroe. West Monroe and Monroe are called The Twin Cities of Northeast Louisiana and a population of 13,065. Wendys is an international fast food restaurant chain founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States. As of January 2019, there were a total of 6,711 locations, including 353 that are company-owned. 6,358 restaurants are franchised, and 77 percent of them are located in North America. (In 2016, Wendys was the worlds third largest hamburger fast-food chain, following Burger Kings 12,000 plus locations and McDonalds with over 31,000 plus locations.)
    Property Highlights
    Listing Agents
    Gabriel Britti

    O: 786-522-7017
    gabriel.britti@marcusmillichap.com
    Ronnie Issenberg
    Marcus & Millichap
    O: 786-522-7013
    ronnie.issenberg@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    109 Thomas Road

    West Monroe, LA 71291

    Listing ID: 275836
    • 109 Thomas Road West Monroe, LA 71291 | for Sale | Photo 1
    • 109 Thomas Road West Monroe, LA 71291 | for Sale | Photo 2
    • 109 Thomas Road West Monroe, LA 71291 | for Sale | Photo 3
    109 Thomas Road | for Sale | Thumbnail 1
    109 Thomas Road | for Sale | Thumbnail 2
    109 Thomas Road | for Sale | Thumbnail 3
    Building Size: 3,200 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $932.47
    Land $/SF:
    Price
    $2,983,911
    Property Highlights
    Wendys 20-Year NNN Lease with 7.5 Increases in Rent Every 5 Years
    Complete Store Remodel in 2017
    Strong Store Sales Well Above National Average Healthy Proposed Rent to Sales Rat
    Very Strong Guarantee 150 Unit Holding Company
    Across the Street from Glenwood Medical Mall
    Wendys is considered an Essential Tenant
    Description

    Marcus & Millichap is pleased to present for sale this Wendys Fast Food Restaurant located at 109 Thomas Road in West Monroe, Louisiana. At closing, the tenant will sign a 20-Year Absolute NNN Lease with 7.5 percent increases in rent every five years. This Wendys is located only a few minutes from the Major Industrial Hub of West Monroe including Louisiana Plastics which is the leading supplier to the plastics industry, Madison Industries, which is the leading provider of Americas pulp and paper industry, Grainger Industrial Supply, Ruston Industries and Caraustar Industries. This property is located near the 225th Engineer Brigade, the largest engineering formation brigade of the U.S. Army National Guard. Retailers in the immediate area include Chase Bank, Legends Pharmacy, Iberia Bank and Cross Keys Bank. West Monroe is a city in Ouachita parish, Louisiana situated on the Ouachita River across from its neighboring city of Monroe. West Monroe and Monroe are called The Twin Cities of Northeast Louisiana and a population of 13,065. Wendys is an international fast food restaurant chain founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States. As of January 2019, there were a total of 6,711 locations, including 353 that are company-owned. 6,358 restaurants are franchised, and 77 percent of them are located in North America. (In 2016, Wendys was the worlds third largest hamburger fast-food chain, following Burger Kings 12,000 plus locations and McDonalds with over 31,000 plus locations.)

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    West Monroe Area Market Trends

    Listing Demographics for 109 Thomas Road West Monroe, LA 71291

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 109 Thomas Road in West Monroe?
    The asking price for 109 Thomas Road is $2,983,911
    What is the building size of this Retail property in West Monroe, LA?
    The size of the building/unit at 109 Thomas Road in West Monroe is 3,200 square feet
    What kind of Retail is the property at 109 Thomas Road?
    The property at 109 Thomas Road West Monroe, LA 71291 is listed as a Food Service Retail property
    What is the population within 1 mile of 109 Thomas Road in West Monroe?
    The population within 1 mile of 109 Thomas Road West Monroe, LA 71291 is 5,320 people.
    Who do I contact for questions about 109 Thomas Road?
    You should contact the listing agent, Gabriel Britti, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi) Directions
    Monroe Regional Airport (MLU) 7
    Jackson-Medgar Wiley Evers International Airport (JAN) 122
    Bill & Hillary Clinton National Airport/Adams Field (LIT) 153