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Restaurant

Wendy’s 20 Year NNN Lease Upcoming Remodel

1618 S Roane St, Harriman, TN 37748

Listing Price: $2,111,111

Cap Rate
4.50%
Tenant Name
Wendys
Years Remaining On Lease
20.1
Gross SF
2,429
Guarantor
Corporate Guarantee
Rentable SF
2,429
Price/Gross SF
$869.13
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.11

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Restaurant
with Drive Thru located at 1618 South Roane Street in Harriman,
Tennessee. U.S. Route 27, known as Roane Street in Harriman, runs
north-to-south through the city along the base of Walden Ridge.
Harriman is a suburb of Knoxville and is locate a short 20 minute drive
from downtown. The tenant, JAE Restaurant Group, will sign a 20 Year
NNN Lease at closing with 7.5 percent increases every five years in rent.
This established location will undergo a restaurant remodel by 2023.
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 6,828 locations, including 361 that are
company owned. 6,467 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 31,000 locations.

Investment Highlights

  • 20 Year NNN Lease with 7.5% Increases Every 5 Years in Rent
  • Located 35 Minute Drive from Downtown Knoxville
  • Very Strong 220+ Unit Operator
  • Wendys is considered an Essential Tenant
  • Harriman is included in the Knoxville, Tennessee Metropolitan Statistical Area
  • Wendys Restaurant with Drive Thru | Upcoming Remodel

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Restaurant

Wendy’s 20 Year NNN Lease Upcoming Remodel

Listing Price: $2,111,111

Cap Rate
4.50%
Tenant Name
Wendys
Years Remaining On Lease
20.1
Gross SF
2,429
Guarantor
Corporate Guarantee
Rentable SF
2,429
Price/Gross SF
$869.13
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.11

Investment Highlights

  • 20 Year NNN Lease with 7.5% Increases Every 5 Years in Rent
  • Located 35 Minute Drive from Downtown Knoxville
  • Very Strong 220+ Unit Operator
  • Wendys is considered an Essential Tenant
  • Harriman is included in the Knoxville, Tennessee Metropolitan Statistical Area
  • Wendys Restaurant with Drive Thru | Upcoming Remodel

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Restaurant
with Drive Thru located at 1618 South Roane Street in Harriman,
Tennessee. U.S. Route 27, known as Roane Street in Harriman, runs
north-to-south through the city along the base of Walden Ridge.
Harriman is a suburb of Knoxville and is locate a short 20 minute drive
from downtown. The tenant, JAE Restaurant Group, will sign a 20 Year
NNN Lease at closing with 7.5 percent increases every five years in rent.
This established location will undergo a restaurant remodel by 2023.
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 6,828 locations, including 361 that are
company owned. 6,467 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 31,000 locations.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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