Restaurant
Wendy's - Cleveland, TN
925 25th St NW, Cleveland, TN 37311
Listing Price: $2,190,476
Investment Overview
Marcus & Millichap is pleased to present for sale this Absolute NNN
Wendy’s located at 925 25th Street NW, Cleveland, Tennessee. The
subject property consists of a Free Standing 2,326 square foot restaurant
with a drive-thru window and ample parking on a .59 Acre Parcel of land.
Strategically situated at the Hard Corner Signalized Intersection of
25th Street NW and Peerless Rd NW, the property benefits from great
visibility and daily traffic counts in excess of 28,800 vehicles per day. The
Immediate trade area is home to more than 43,356 full time residents
with an average household income exceeding $72,528 annually. Directly
off Interstate 75, the Subject Property is also within proximity to the Mars
Chocolate North America Factory (M&M, Twix, Milky Way) and the Life
Care Centers of America HQ, which employs over 40,000 people. This
Wendy’s is in the vicinity of National Retailers such as Big Lots, KFC, Papa
Johns, Arby’s, Tractor Supply, Taco Bell, and many others.
This location is operated by Southeast Food Services Company LLC - 42
Unit Operating Company. Wendy’s has been operating this location for
over 15 years and at the tenant’s expense, must undergo a full remodel
of the restaurant by November 2025.
Wendy’s, founded by Dave Thomas in 1969, is one of the most recognized
quick-service restaurant (QSR) brands in the world. Known for its fresh,
never frozen beef, made-to-order square hamburgers, and signature
menu items such as the Frosty dessert, Wendy’s has grown to over 7,000
locations worldwide, generating annual revenue in excess of $2.2 billion
Wendy's - Cleveland, TN
Investment Highlights
- Absolute NNN Lease with Zero Landlord Responsibility
- Strong Wendy's Operator | 76 Units
- Located at the Corner of A Signalized Intersection | Exposure to More Than 28,800 Vehicles Per Day
- Full Image Activation Remodel to Be Completed By 2025 | Commitment to Site
- Attractive Rent Increases Every Five Years
- Tennessee Is a No Income Tax State
Listing Price: $2,190,476
Investment Highlights
- Absolute NNN Lease with Zero Landlord Responsibility
- Strong Wendy's Operator | 76 Units
- Located at the Corner of A Signalized Intersection | Exposure to More Than 28,800 Vehicles Per Day
- Full Image Activation Remodel to Be Completed By 2025 | Commitment to Site
- Attractive Rent Increases Every Five Years
- Tennessee Is a No Income Tax State
Investment Overview
Marcus & Millichap is pleased to present for sale this Absolute NNN Wendy’s located at 925 25th Street NW, Cleveland, Tennessee. The subject property consists of a Free Standing 2,326 square foot restaurant with a drive-thru window and ample parking on a .59 Acre Parcel of land. Strategically situated at the Hard Corner Signalized Intersection of 25th Street NW and Peerless Rd NW, the property benefits from great visibility and daily traffic counts in excess of 28,800 vehicles per day. The Immediate trade area is home to more than 43,356 full time residents with an average household income exceeding $72,528 annually. Directly off Interstate 75, the Subject Property is also within proximity to the Mars Chocolate North America Factory (M&M, Twix, Milky Way) and the Life Care Centers of America HQ, which employs over 40,000 people. This Wendy’s is in the vicinity of National Retailers such as Big Lots, KFC, Papa Johns, Arby’s, Tractor Supply, Taco Bell, and many others. This location is operated by Southeast Food Services Company LLC - 42 Unit Operating Company. Wendy’s has been operating this location for over 15 years and at the tenant’s expense, must undergo a full remodel of the restaurant by November 2025. Wendy’s, founded by Dave Thomas in 1969, is one of the most recognized quick-service restaurant (QSR) brands in the world. Known for its fresh, never frozen beef, made-to-order square hamburgers, and signature menu items such as the Frosty dessert, Wendy’s has grown to over 7,000 locations worldwide, generating annual revenue in excess of $2.2 billion
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