• Long-term absolute NNN lease with over 19 years remaining on the initial term.
• Guaranteed by Meritage Hospitality Group Inc., one of the largest Wendy’s franchise operators nationwide.
• Annual base rent of $112,000 anchored by a consistent 1.25% or CPI annual rent increase clause.
• Located on a signalized corridor with strong traffic flow and proximity to major retail and residential developments in Mechanicsville.
• High-demand Quick Service Restaurant (QSR) category with proven performance and enduring consumer demand.
• 6 five-year renewal options built into the lease provide income upside and long-term security for investors.

This offering represents an opportunity to acquire a single-tenant Wendy’s restaurant operating under a long-term NNN lease in Hanover County’s bustling Mechanicsville submarket. The property is backed by a lease guaranty from Meritage Hospitality Group Inc., an established and expanding operator with a national footprint.

The tenant, Wen Virginia LLC, commenced an initial 20-year term with more than 19 years remaining, providing stable, predictable cash flow with zero landlord responsibilities. Six additional five-year renewal options offer further security, and scheduled rent adjustments enhance income growth over time. The current net operating income stands at approximately $112,000 annually, creating consistent returns supported by one of America’s most recognized quick-service brands.

Located on Atlee Road, the site enjoys excellent visibility, strong traffic counts, and adjacency to thriving retail, residential, and employment nodes within the Richmond metropolitan area. This trade area continues to experience growth fueled by strong demographics, established communities, and highway connectivity, ensuring long-term viability for QSR operators.