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Restaurant

Wendy's

3201 Peoples St, Johnson City, TN 37604

Listing Price: $2,653,000

Cap Rate
4.90%
Tenant Name
Tri-Cities Restaurant Group, LLC
Years Remaining On Lease
26.6
Gross SF
3,120
Guarantor
Franchisee Guarantee
Rentable SF
3,120
Price/Gross SF
$850.32
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.67

Investment Overview

The Wendy’s Company is the world’s third largest quick-service hamburger company with over
6,700 restaurants in the U.S. and 29 other countries worldwide. At this Johnson City location,
customers are within 5 miles of the big-city ammenities of Downtown Johnson City and Shopping
Centers such as Johnson City Crossing, Hamilton Place Town Center, The Mall at Johnson City,
and Johnson City Plaza Shopping Center.

Combining the best of the world-class travel destination of Johnson City with the ever-growing,
rapidly-expanding Wendy's Company, this Wendy's location is positioned for success. There are
over 26 years remaining on the current lease term, and rental increases on multiple renewal
option periods through 2070, with population and households projected to increase between two
and five percent within five miles over the next five years.

Investment Highlights

  • Central Location in Johnson City, Tennessee
  • Over 26 Years Remaining on Absolute Triple-Net (NNN) Lease
  • Close Proximity to Major Retail Centers

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Listing Price: $2,653,000

Cap Rate
4.90%
Tenant Name
Tri-Cities Restaurant Group, LLC
Years Remaining On Lease
26.6
Gross SF
3,120
Guarantor
Franchisee Guarantee
Rentable SF
3,120
Price/Gross SF
$850.32
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.67

Investment Highlights

  • Central Location in Johnson City, Tennessee
  • Over 26 Years Remaining on Absolute Triple-Net (NNN) Lease
  • Close Proximity to Major Retail Centers

Investment Overview

The Wendy’s Company is the world’s third largest quick-service hamburger company with over 6,700 restaurants in the U.S. and 29 other countries worldwide. At this Johnson City location, customers are within 5 miles of the big-city ammenities of Downtown Johnson City and Shopping Centers such as Johnson City Crossing, Hamilton Place Town Center, The Mall at Johnson City, and Johnson City Plaza Shopping Center. Combining the best of the world-class travel destination of Johnson City with the ever-growing, rapidly-expanding Wendy's Company, this Wendy's location is positioned for success. There are over 26 years remaining on the current lease term, and rental increases on multiple renewal option periods through 2070, with population and households projected to increase between two and five percent within five miles over the next five years.

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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