Restaurant
Wendy's
1252 N Houston Levee Rd, Cordova, TN 38018
Listing Price: $2,596,154
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
Broker of Record
Financing By
Listing Price: $2,596,154
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
Broker of Record
Financing By
