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Investment Details

Price: $2,210,526 Location: Ridgeland , MS
Cap Rate: 4.75% Lease Type: Ground Lease
NOI: $105,000 Lease Expiration: January 2041
Demographic Information (5-Mile Radius)
2020 Population: 93,306
2025 Population: 94,745
2020 Average Household Income: $94,703
2020 Median Household Income: $63,922
Contact
Keith Sturm, CCIM
keith@upland.com
612.376.4488
Deborah Vannelli, CCIM
deb@upland.com
612.376.4475

WENDY'S GROUND LEASE

Ridgeland | Mississippi
Highlights
• New 20 year Ground Lease with 2.50% rental increases every 5 years and four 5-year renewal options.
• Tenant on the lease is Wendelta, Inc., which operates 160 Wendy’s locations across the United States
• Well located on out lot to Costco in Renaissance Development.
• Average household income over $151,000 in a 1-mile radius.
• Ridgeland, MS is located 1 miles north of Jackson, MS.
• The tenant opened on November 27th, 2020.

WENDY'S GROUND LEASE

Ridgeland | Mississippi

Highlights
• New 20 year Ground Lease with 2.50% rental increases every 5 years and four 5-year renewal options.
• Tenant on the lease is Wendelta, Inc., which operates 160 Wendy’s locations across the United States
• Well located on out lot to Costco in Renaissance Development.
• Average household income over $151,000 in a 1-mile radius.
• Ridgeland, MS is located 1 miles north of Jackson, MS.
• The tenant opened on November 27th, 2020.

Investment Details

Price: $2,210,526
Location: Ridgeland , MS
Cap Rate: 4.75%
Lease Type: Ground Lease
NOI: $105,000
Lease Expiration: January 2041
Demographic Information (5-Mile Radius)
2020 Population: 93,306
2025 Population: 94,745
2020 Average Household Income: $94,703
2020 Median Household Income: $63,922
Contact
Keith Sturm, CCIM
keith@upland.com
612.376.4488
Deborah Vannelli, CCIM
deb@upland.com
612.376.4475

©2015 Upland Real Estate Group, Inc. All rights reserved. Upland Real Estate Group, Inc.
50 South 6th Street | Suite 1418
Minneapolis | MN | 55402
Main: 612.332.6600 | Fax: 612.376.4489
©2015 Upland Real Estate Group, Inc. All rights reserved.
Upland Real Estate Group, Inc.
50 South 6th Street | Suite 1418
Minneapolis | MN | 55402
Main: 612.332.6600 | Fax: 612.376.4489