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Restaurant

Wendy's

1646 S Highland Ave, Jackson, TN 38301

Listing Price: $2,116,285

Cap Rate
5.60%
Tenant Name
Wendy's
Years Remaining On Lease
13.1
Guarantor
Franchisee Guarantee
Rentable SF
2,284
Lease Type
Absolute Net
Rent Per Square Feet
$51.89

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a Wendy's property consisting of 2,284 square feet on nearly one acre of land. The asset is secured by a long-term lease with 13 years remaining on the initial term and six additional five-year renewal options. This is an absolute triple net lease with zero landlord responsibilities.

Investment Highlights

  • Long Term NNN Lease - 13 Years Remaining on Base Term + Options
  • Fronting the Main Commercial Corridor S Highland Ave (35,000 VPD)
  • Attractive 1.25% Annual Rent Increases

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Listing Price: $2,116,285

Cap Rate
5.60%
Tenant Name
Wendy's
Years Remaining On Lease
13.1
Guarantor
Franchisee Guarantee
Rentable SF
2,284
Lease Type
Absolute Net
Rent Per Square Feet
$51.89

Investment Highlights

  • Long Term NNN Lease - 13 Years Remaining on Base Term + Options
  • Fronting the Main Commercial Corridor S Highland Ave (35,000 VPD)
  • Attractive 1.25% Annual Rent Increases

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a Wendy's property consisting of 2,284 square feet on nearly one acre of land. The asset is secured by a long-term lease with 13 years remaining on the initial term and six additional five-year renewal options. This is an absolute triple net lease with zero landlord responsibilities.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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