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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.)
Month | Payment | Principal | Interest | Total Interest | Balance |
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$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
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.
Total Population | 5,320 | 35,498 | 79,166 | |
Population Median Age | 40 | 40 | 39 | |
Population by Age | 0-9 Yrs | 670 (12%) | 4096 (11%) | 10448 (13%) |
10-19 Yrs | 430 (8%) | 3778 (10%) | 10283 (12%) | |
20-29 Yrs | 1064 (20%) | 5668 (15%) | 11356 (14%) | |
30-39 Yrs | 601 (11%) | 3974 (11%) | 9939 (12%) | |
40-49 Yrs | 576 (10%) | 4737 (13%) | 9846 (12%) | |
50-59 Yrs | 678 (12%) | 4433 (12%) | 9598 (12%) | |
60-69 Yrs | 513 (9%) | 4131 (11%) | 8495 (10%) | |
70+ Yrs | 788 (14%) | 4681 (13%) | 9202 (11%) | |
Median HH Income | $43,032 | $41,169 | $38,062 | |
Total Household Income | < 24K | 631 (27%) | 4754 (30%) | 10784 (34%) |
25-49K | 662 (28%) | 4232 (27%) | 8481 (26%) | |
50-74K | 456 (19%) | 2512 (16%) | 4800 (15%) | |
75-99K | 180 (7%) | 1363 (8%) | 2625 (8%) | |
100-199K | 280 (12%) | 1908 (12%) | 3599 (11%) | |
200K+ | 76 (3%) | 602 (3%) | 1194 (3%) | |
Highest Education Level | No Diploma | 432 | 2683 | 7291 |
Diploma or GED | 1201 | 8084 | 17334 | |
Some College | 980 | 5607 | 12069 | |
Assoc. Degree | 263 | 1527 | 3052 | |
Bachelors Degree | 535 | 4474 | 8688 | |
Higher Degree | 315 | 2371 | 4526 | |
Total Housing Units | 2,911 | 18,814 | 38,724 | |
--Owner-Occupied | 905 | 7,819 | 16,516 | |
--Renter-Occupied | 1,381 | 7,550 | 14,967 | |
Owner-Occupied Values | < 100K | 235 | 2239 | 5821 |
100-199K | 519 | 3614 | 5896 | |
200-299K | 87 | 1067 | 2535 | |
300-399K | 27 | 375 | 1021 | |
400-499K | 15 | 208 | 455 | |
500K+ | 22 | 316 | 789 | |
Total Working Age Population | 4,362 | 29,096 | 62,798 | |
In Work Force | 2,640 | 17,163 | 36,057 | |
Not In Work Force | 1,723 | 11,933 | 26,741 | |
Workforce Employed | 2,549 | 16,458 | 33,764 | |
Workforce Unemployed | 91 | 685 | 2,229 | |
Civlian Workforce | 2,640 | 17,144 | 35,993 | |
Military Workforce | 0 | 19 | 64 | |
Total Households | 2,285 | 15,369 | 31,483 | |
Family Households | 1,090 | 7,880 | 17,701 | |
Non-Family Households | 1,195 | 7,489 | 13,782 | |
Married Couple | 706 | 5,425 | 10,925 | |
Other Family | 384 | 2,455 | 6,776 | |
Married w/Child | 214 | 1,811 | 3,750 | |
Single Male w/Child | 51 | 281 | 586 | |
Single Female w/Child | 157 | 1,151 | 3,097 |
Population Change Last Two Decades - Plus Projection
2000 | % | 2010 | % | 2020 | % | 2030 | |
---|---|---|---|---|---|---|---|
Louisiana | 4,468,976 | +1 | 4,533,372 | +1 | 4,588,310 | +5 | 4,813,420 |
Morehouse Parish | 31,021 | -10 | 27,979 | -6 | 26,190 | -10 | 23,510 |
Ouachita Parish | 147,250 | +4 | 153,720 | -6 | 144,600 | -3 | 140,120 |
Union Parish | 22,803 | 0 | 22,721 | 0 | 22,750 | -1 | 22,540 |