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Restaurant

Wendy's - Brand New 30-Year Lease | 2024 Construction

376 E Jackson Blvd, Jonesborough, TN 37659

Listing Price: $2,920,000

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
29.9
Guarantor
Franchisee Guarantee
Rentable SF
2,320
Lease Type
Absolute Net
Rent Per Square Feet
$62.93

Investment Overview

--Experienced Wendy’s Franchisee--

-Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market

-Tri-Cities Restaurant Group Operates 19 Locations in this Market and has Won Numerous Awards for Great Performance in the Wendy’s National System, including the Monument Award for Brand Transformation for a Small-to-Medium-Sized Franchise

-Scheduled 7.5% Increases Every Five Years Throughout the Initial Term Provide for an Excellent Hedge Against Inflation

--Prime Retail Location--

-Highly-Trafficked Location on US-321 (Traffic Counts Exceed 30,000 Cars Per Day)

-Affluent Area with the Average Household Income Exceeding $110,000 within 1 Mile

-Expansive 1.23 Acre Lot, Providing Ample Space for Parking

-Located within 6 Miles of East Tennessee State University with Over 15,000 Students Enrolled

-The Subject Property is Across from the Washington County Court, Contributing to Consumer Activity

-Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Tractor Supply, Lowe’s Home Improvement, Captain D’s, Regions Bank, Papa John’s Pizza, Food City, Pizza Hut, Taco Bell, Ingles Market, and Many More

Investment Highlights

  • Introducing a Brand New, Rare 30-Year Wendy's
  • Wendy's New Global Next Gen Prototype – Grand Opening in November 2024
  • Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
  • Affluent Area with the Average Household Income Exceeding $110,000 within 1 Mile

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 - Brand New 30-Year Lease | 2024 Construction

Listing Price: $2,920,000

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
29.9
Guarantor
Franchisee Guarantee
Rentable SF
2,320
Lease Type
Absolute Net
Rent Per Square Feet
$62.93

Investment Highlights

  • Introducing a Brand New, Rare 30-Year Wendy's
  • Wendy's New Global Next Gen Prototype – Grand Opening in November 2024
  • Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
  • Affluent Area with the Average Household Income Exceeding $110,000 within 1 Mile

Investment Overview

--Experienced Wendy’s Franchisee-- -Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market -Tri-Cities Restaurant Group Operates 19 Locations in this Market and has Won Numerous Awards for Great Performance in the Wendy’s National System, including the Monument Award for Brand Transformation for a Small-to-Medium-Sized Franchise -Scheduled 7.5% Increases Every Five Years Throughout the Initial Term Provide for an Excellent Hedge Against Inflation --Prime Retail Location-- -Highly-Trafficked Location on US-321 (Traffic Counts Exceed 30,000 Cars Per Day) -Affluent Area with the Average Household Income Exceeding $110,000 within 1 Mile -Expansive 1.23 Acre Lot, Providing Ample Space for Parking -Located within 6 Miles of East Tennessee State University with Over 15,000 Students Enrolled -The Subject Property is Across from the Washington County Court, Contributing to Consumer Activity -Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Tractor Supply, Lowe’s Home Improvement, Captain D’s, Regions Bank, Papa John’s Pizza, Food City, Pizza Hut, Taco Bell, Ingles Market, and Many More

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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