Skip to main content

Single-Tenant Vacant-User

Wendy's (Dark) - Absolute NNN Lease w/ 13+ Yrs Remaining

1045 28th Ave N, Nashville, TN 37208

Listing Price: $1,573,000

Cap Rate
7.00%
Tenant Name
Wendy's
Years Remaining On Lease
13.4
Gross SF
2,656
Guarantor
Franchisee Guarantee
Rentable SF
2,656
Price/Gross SF
$592.24
Lease Type
Absolute Net
Rent Per Square Feet
$41.46

Investment Overview

Marcus & Millichap is pleased to present for sale the Wendy's (Dark) in Nashville, TN. Known as the cultural epicenter of country music, the Nashville metro has roughly 2.2 million residents across 14 counties that span from highly urban to rural and sparsely populated.

Investment Highlights

  • 13 Plus Years Remaining on Absolute Triple-Net (NNN) Lease with Wendy's
  • 2,656-Square Foot Building with a Drive-Thru on a 0.49-Acre Lot - Remodeled in 2018
  • Prime Redevelopment Opportunity
  • Situated at the Entrance to Tennessee State University (Approximately 5,400 Students)
  • Signalized Hard Corner Location, Easily Accessible by Approximately 30,000 Cars per Day via 28th Avenue N and Jefferson Street

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Senior Managing Director, Market Leader - Mid-South

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Single-Tenant Vacant-User

Wendy's (Dark) - Absolute NNN Lease w/ 13+ Yrs Remaining

Listing Price: $1,573,000

Cap Rate
7.00%
Tenant Name
Wendy's
Years Remaining On Lease
13.4
Gross SF
2,656
Guarantor
Franchisee Guarantee
Rentable SF
2,656
Price/Gross SF
$592.24
Lease Type
Absolute Net
Rent Per Square Feet
$41.46

Investment Highlights

  • 13 Plus Years Remaining on Absolute Triple-Net (NNN) Lease with Wendy's
  • 2,656-Square Foot Building with a Drive-Thru on a 0.49-Acre Lot - Remodeled in 2018
  • Prime Redevelopment Opportunity
  • Situated at the Entrance to Tennessee State University (Approximately 5,400 Students)
  • Signalized Hard Corner Location, Easily Accessible by Approximately 30,000 Cars per Day via 28th Avenue N and Jefferson Street

Investment Overview

Marcus & Millichap is pleased to present for sale the Wendy's (Dark) in Nashville, TN. Known as the cultural epicenter of country music, the Nashville metro has roughly 2.2 million residents across 14 counties that span from highly urban to rural and sparsely populated.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Senior Managing Director, Market Leader - Mid-South

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

MM Texture Background
MM Textured Background Lower