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Restaurant

Wendy’s 20 Year NNN Lease | New 2023 Construction | Knoxville MSA

903 New Hwy 68, Sweetwater, TN 37874

Listing Price: $2,450,980

Cap Rate
5.10%
Tenant Name
Wendy's
Years Remaining On Lease
19.7
Guarantor
Franchisee Guarantee
Rentable SF
2,243
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.73

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendy’s Hamburger
Restaurant located at 903 New Highway 68 in Sweetwater, Tennessee.
Sweetwater is a city in Monroe and McMinn Counties with a population
of 6,312. Sweetwater is the home of Craighead Caverns which contains
the Lost Sea, the largest underground lake in the United States. In 2022,
TravelMag named Sweetwater one of Tennessee’s Ten Most Charming
Cities. Sweetwater is centered along U.S. Route 11 between its junction
with State Route 68 and State Route 322. On January 15, 2022, Red Stag
Fulfillment announced plans to develop a 420-ace commerce distribution
center along I-75 which is estimated to provide 3,500 jobs and annual tax
revenue of $1.9 million to the city of Sweetwater.
Nearby colleges and universities include Cleveland State Community
College with 3,573 enrolled students, Tennessee Wesleyan University with
1,103 enrolled students and Roane State Community College with 5,636
enrolled students.
Also located nearby the property is Athens Regional Medical Center with
118 beds serving the community and Starr Regional Medical Center with
278 beds.
Numerous apartment complexes surround this Wendy’s Restaurant
including Sequoyah Trail Apartments, West Hills Apartments, Dogwood
Trace II Apartments, Cross Creek Apartments, Monroe Ridge Apartments,
Apartments 1, Ridgeview Apartments, Crestview Apartments, New
Adventure Apartments, Mountain View Apartments, Ridgeway Apartments,
and Island Grove Apartments.
Wendy’s is an international fast food restaurant chain founded by Dave
Thomas on November 15, 1969 in Columbus, Ohio. The Wendy’s Company
(NASDAQ:WEN) is the world’s third largest quick service hamburger
company (following Burger King and McDonald’s). It includes more than
6,500 franchise and company restaurants in the United States and in 29
other countries and U.S. Territories worldwide. (5,457 restaurants are
franchised and 77 percent of them are located in North America). It’s
annual sales volume is over $2.06+ Billion.

Investment Highlights

  • Brand New 2023 Construction Wendy's Restaurant with Drive Thru
  • 20 Year Absolute NNN Lease | No Landlord Responsibilities
  • Attractive 7.5% Rent Increases Every 5 Years
  • Strong Wendy's Operators | 90+ Units
  • Wendy's Hamburger Restaurant Located at 903 New Highway 68 in Sweetwater, Tennessee Population 6,312 and Named One of Tennessee's Most Charming Cities
  • The Wendy's Company is the World's Third Largest Quick Service Hamburger Company with 6,500 Restaurants and Over $2.06+ Billion Annual Sales

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Restaurant

Wendy’s 20 Year NNN Lease | New 2023 Construction | Knoxville MSA

Listing Price: $2,450,980

Cap Rate
5.10%
Tenant Name
Wendy's
Years Remaining On Lease
19.7
Guarantor
Franchisee Guarantee
Rentable SF
2,243
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.73

Investment Highlights

  • Brand New 2023 Construction Wendy's Restaurant with Drive Thru
  • 20 Year Absolute NNN Lease | No Landlord Responsibilities
  • Attractive 7.5% Rent Increases Every 5 Years
  • Strong Wendy's Operators | 90+ Units
  • Wendy's Hamburger Restaurant Located at 903 New Highway 68 in Sweetwater, Tennessee Population 6,312 and Named One of Tennessee's Most Charming Cities
  • The Wendy's Company is the World's Third Largest Quick Service Hamburger Company with 6,500 Restaurants and Over $2.06+ Billion Annual Sales

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendy’s Hamburger Restaurant located at 903 New Highway 68 in Sweetwater, Tennessee. Sweetwater is a city in Monroe and McMinn Counties with a population of 6,312. Sweetwater is the home of Craighead Caverns which contains the Lost Sea, the largest underground lake in the United States. In 2022, TravelMag named Sweetwater one of Tennessee’s Ten Most Charming Cities. Sweetwater is centered along U.S. Route 11 between its junction with State Route 68 and State Route 322. On January 15, 2022, Red Stag Fulfillment announced plans to develop a 420-ace commerce distribution center along I-75 which is estimated to provide 3,500 jobs and annual tax revenue of $1.9 million to the city of Sweetwater. Nearby colleges and universities include Cleveland State Community College with 3,573 enrolled students, Tennessee Wesleyan University with 1,103 enrolled students and Roane State Community College with 5,636 enrolled students. Also located nearby the property is Athens Regional Medical Center with 118 beds serving the community and Starr Regional Medical Center with 278 beds. Numerous apartment complexes surround this Wendy’s Restaurant including Sequoyah Trail Apartments, West Hills Apartments, Dogwood Trace II Apartments, Cross Creek Apartments, Monroe Ridge Apartments, Apartments 1, Ridgeview Apartments, Crestview Apartments, New Adventure Apartments, Mountain View Apartments, Ridgeway Apartments, and Island Grove Apartments. Wendy’s is an international fast food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio. The Wendy’s Company (NASDAQ:WEN) is the world’s third largest quick service hamburger company (following Burger King and McDonald’s). It includes more than 6,500 franchise and company restaurants in the United States and in 29 other countries and U.S. Territories worldwide. (5,457 restaurants are franchised and 77 percent of them are located in North America). It’s annual sales volume is over $2.06+ Billion.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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