November 4, 2020
Ackerman Retail Brokers Land Purchase for New Wendy’s Franchise Location in Cedartown, GA
Meritage Hospitality Group, one of the largest Wendy’s franchisees in the U.S., will build new prototype Wendy’s restaurant on a 1.06-acre parcel.
ATLANTA, November 4, 2020 – Ackerman Retail, a division of Atlanta-based Ackerman & Co., has brokered the sale of a 1.06-acre land parcel in Cedartown, Ga., for the development of a new Wendy’s franchise restaurant.
Vice President of Retail Services Stephen Lapierre represented the buyer, Meritage Hospitality Group, in the land acquisition. Meritage, the second-largest Wendy’s franchisee in the U.S., purchased the Walmart-owned outparcel located adjacent to the Walmart Supercenter at 1585 Rome Highway.
The parcel will become the site of a new third-generation Wendy’s prototype. Construction will begin later this fall and completion is targeted for first-quarter 2021.
“We’re pleased to facilitate this land purchase for the development of a new Wendy’s restaurant that will become part of Meritage Hospitality Group’s growing portfolio of properties. We’re currently searching for additional Wendy’s sites in metro Atlanta on behalf of our client,” said Stephen Lapierre.
He added, “This site offers a number of key benefits, starting with its location next to an outstanding anchor tenant, Walmart. It also offers excellent visibility and access, and will be a regional draw for customers from surrounding towns.”
Meritage plans to develop 40 new Wendy’s restaurants by the end of 2024. Wendy’s newest prototype store includes a kiosk-centric ordering system that eliminates the need for interior menu boards. It also features outdoor patio furniture made from recycled materials, interior and exterior LED lighting, and Energy Star certified kitchen equipment that reduces restaurant energy consumption and carbon dioxide emissions.
About Ackerman & Co.
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired 37 million square feet of office, medical, industrial, retail and mixed-use space, has 4.5 million square feet under management, and maintains an investment portfolio valued at $1 billion.
Ackerman Retail, a division of Ackerman & Co., offers a best-in-class services platform, delivering solid results for local and multi-market clients across the Southeast. To date, Ackerman Retail has completed more than 10 million square feet of transactions valued at $1.7 billion.
For more information, visit www.ackermanco.com