All Press Releases for August 20, 2021

Meritage Hospitality Group Opens New Wendy's in McDonough, GA

Newly constructed restaurant occupies 1.24-acre parcel acquired in transaction brokered by Ackerman Retail's Stephen Lapierre

"We were fortunate to find such a great site at a very busy interstate exit. This restaurant is positioned to be a high-producing store for years to come." Stephen Lapierre, Ackerman Retail

    ATLANTA, GA, August 20, 2021 /24-7PressRelease/ -- A new Wendy's restaurant is now open in McDonough, Ga., located on a 1.24-acre parcel acquired in a transaction Ackerman Retail brokered earlier this year. The newly constructed restaurant at 1169 Highway 20 is owned and operated by Meritage Hospitality Group, the nation's largest active Wendy's franchisee.

The restaurant benefits from an excellent location off Interstate 75, offering high visibility along a stretch of interstate traveled by 200,000-plus vehicles daily. Ackerman Retail Vice President Stephen Lapierre brokered the acquisition of the land on behalf of Meritage Hospitality Group.

"We're happy we were able to help acquire this site for Meritage Hospitality Group as it continues to expand its portfolio of Wendy's restaurants," said Stephen Lapierre. "Henry County has been a particularly strong market for Meritage and continues to be an area of focus for their expansion. We were fortunate to find such a great site at a very busy interstate exit. The strong local traffic patterns, convenient access and good visibility from Interstate 75, bolstered by a 75-foot pole sign already on the property, position this restaurant to be a high-producing store for years to come."

As Meritage Hospitality's broker in North Georgia, Stephen Lapierre and his partner, Wyatt Whitaker, currently have several other potential locations in the pipeline for upcoming development of new Wendy's restaurants. Meritage Hospitality plans to develop 40 new Wendy's restaurants by the end of 2024, representing an investment of approximately $100 million.

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.
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