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Restaurant

Wendy’s 20 Year NNN Lease Knoxville MSA

1771 W Broadway Ave, Maryville, TN 37801

Listing Price: $2,700,000

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
20.1
Gross SF
2,224
Guarantor
Franchisee Guarantee
Rentable SF
2,224
Price/Gross SF
$1,214.03
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$60.70

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Restaurant
with drive thru located at 1771 West Broadway Avenue in Maryville,
Tennessee. Maryville is a city in the county seat of Blount County,
Tennessee and a suburb of Knoxville with a population of 27,465 and
part of the Knoxville Metropolitan Area. Maryville is a bustling city a short
distance from Great Smoky Mountains National Park (12.5 Million Visitors
Annually), Dollywood Amusement Park (Three Million Guests each year)
and the biggest tourist attraction in Tennessee, Gatlinburg (11.3 Million
Tourists), and Pigeon Forge (Nine Million Tourists each year). Maryville was
named to A & Es List of Top 10 Cities to Have It All because of Parks,
Green Spaces and Maryville College. Maryville provides easy access to
Downtown Knoxville via US-129 & US-321. Residents of Maryville have a
quick commute to Major Employers including Denso Manufacturing, Blount
Memorial Hospital and ALCOA.
Several apartment complexes surround this property including Laurel
Branch Apartments with 92 Units, Garden Vale Apartments with 75 Units,
Oak Tree Apartments with 72 Units, and the brand- new Cottages Cades
Cove Complex which is quickly selling out. Only a few minutes from this
Wendys is Montgomery Ridge Intermediate School with 806 Students,
and Maryville Jr. High School with 826 Enrolled Students.
There are several popular shopping centers in the vicinity of this property
including Cornerstone Square Shopping Center only three minutes away
(Direct Auto Insurance, National Fitness Center, Pretty Nails, and Froyoz.)
Only eight minutes away is New Midland Plaza (Acceptance Insurance,
Adkins Corp., Advance America, Angel Nails, Boost Mobile, Burkes Outlet,
Brown Chiropractic, Cash America Pawn, City Electric, Easy Own Home
Furnishings, H & R Block and Jackson Hewitt Tax).
Wendys is an international fast food restaurant chain founded by Dave
Thomas on November 15, 1969 in Columbus, Ohio. As of January 2019,
there were a total of 6,711 locations, including 353 that are companyowned.
6,358 restaurants are franchised and 77 percent of them are
located in North America. (In 2016, Wendys was the worlds third largest
hamburger fast-food chain, following Burger Kings 12,000 plus locations
and McDonalds with over 31,000 plus locations).

Investment Highlights

  • Brand New Construction Wendys 20-Year NNN Lease
  • 7.5% Increases in Rent Every 5 Years
  • Maryville is a Bustling Suburb of Knoxville
  • Located 8 Minutes from Maryville College with 1,103 Students
  • Located a Short 9 Minute Drive from Blount Memorial Hospital
  • Wendys is Considered an Essential Tenant

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

Restaurant

Wendy’s 20 Year NNN Lease Knoxville MSA

Listing Price: $2,700,000

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
20.1
Gross SF
2,224
Guarantor
Franchisee Guarantee
Rentable SF
2,224
Price/Gross SF
$1,214.03
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$60.70

Investment Highlights

  • Brand New Construction Wendys 20-Year NNN Lease
  • 7.5% Increases in Rent Every 5 Years
  • Maryville is a Bustling Suburb of Knoxville
  • Located 8 Minutes from Maryville College with 1,103 Students
  • Located a Short 9 Minute Drive from Blount Memorial Hospital
  • Wendys is Considered an Essential Tenant

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Restaurant
with drive thru located at 1771 West Broadway Avenue in Maryville,
Tennessee. Maryville is a city in the county seat of Blount County,
Tennessee and a suburb of Knoxville with a population of 27,465 and
part of the Knoxville Metropolitan Area. Maryville is a bustling city a short
distance from Great Smoky Mountains National Park (12.5 Million Visitors
Annually), Dollywood Amusement Park (Three Million Guests each year)
and the biggest tourist attraction in Tennessee, Gatlinburg (11.3 Million
Tourists), and Pigeon Forge (Nine Million Tourists each year). Maryville was
named to A & Es List of Top 10 Cities to Have It All because of Parks,
Green Spaces and Maryville College. Maryville provides easy access to
Downtown Knoxville via US-129 & US-321. Residents of Maryville have a
quick commute to Major Employers including Denso Manufacturing, Blount
Memorial Hospital and ALCOA.
Several apartment complexes surround this property including Laurel
Branch Apartments with 92 Units, Garden Vale Apartments with 75 Units,
Oak Tree Apartments with 72 Units, and the brand- new Cottages Cades
Cove Complex which is quickly selling out. Only a few minutes from this
Wendys is Montgomery Ridge Intermediate School with 806 Students,
and Maryville Jr. High School with 826 Enrolled Students.
There are several popular shopping centers in the vicinity of this property
including Cornerstone Square Shopping Center only three minutes away
(Direct Auto Insurance, National Fitness Center, Pretty Nails, and Froyoz.)
Only eight minutes away is New Midland Plaza (Acceptance Insurance,
Adkins Corp., Advance America, Angel Nails, Boost Mobile, Burkes Outlet,
Brown Chiropractic, Cash America Pawn, City Electric, Easy Own Home
Furnishings, H & R Block and Jackson Hewitt Tax).
Wendys is an international fast food restaurant chain founded by Dave
Thomas on November 15, 1969 in Columbus, Ohio. As of January 2019,
there were a total of 6,711 locations, including 353 that are companyowned.
6,358 restaurants are franchised and 77 percent of them are
located in North America. (In 2016, Wendys was the worlds third largest
hamburger fast-food chain, following Burger Kings 12,000 plus locations
and McDonalds with over 31,000 plus locations).

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

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