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Restaurant

Wendy's

1252 N Houston Levee Rd, Cordova, TN 38018

Listing Price: $2,596,154

Cap Rate
5.20%
Tenant Name
Meritage Hospitality Group
Years Remaining On Lease
19.7
Guarantor
Franchisee Guarantee
Rentable SF
2,743
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.22

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 1252 N Houston Levee Rd in Cordova, TN . The property consists of 2,743 square feet of building space and is situated on approximately 1.28 acres of land. This Wendy’s is subject to a 20-year triple-net (NNN) lease, which will commence at closing. The annual rent is $135,000 and is scheduled to increase by the lesser of the change in CPA and 1.25% annually throughout the base term, beginning in Year 3 and in each of the Six (6), Five (5)- Year option periods.

Investment Highlights

  • Brand New 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%) Annually Starting in Year 3

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Listing Price: $2,596,154

Cap Rate
5.20%
Tenant Name
Meritage Hospitality Group
Years Remaining On Lease
19.7
Guarantor
Franchisee Guarantee
Rentable SF
2,743
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.22

Investment Highlights

  • Brand New 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%) Annually Starting in Year 3

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 1252 N Houston Levee Rd in Cordova, TN . The property consists of 2,743 square feet of building space and is situated on approximately 1.28 acres of land. This Wendy’s is subject to a 20-year triple-net (NNN) lease, which will commence at closing. The annual rent is $135,000 and is scheduled to increase by the lesser of the change in CPA and 1.25% annually throughout the base term, beginning in Year 3 and in each of the Six (6), Five (5)- Year option periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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