Restaurant

Wendy's

1047 Madison St, Shelbyville, TN 37160

Listing Price: $2,582,012

Cap Rate
5.40%
Tenant Name
Wendy's of Bowling Green, Inc.
Years Remaining On Lease
18.4
Gross SF
2,726
Rentable SF
2,726
Price/Gross SF
$947.18
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$51.15

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy's located at 1047 Madison St, Shelbyville, TN. The property consists of 2,726 square feet of building space and is situated on a 0.71-acre parcel. The Wendy's is subject to a 20-year triple-net (NNN) lease, which commenced on June 17, 2019. The lease will call for 10.00% rental increases every five years that will continue through the base term and into the four, five-year tenant renewal options.

Investment Highlights

  • A 20-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 10 Percent Every Five Years
  • There are Four Tenant Renewal Periods of Five Years Each
  • Wendy's is the Worlds Number Three Hamburger Chain in Terms of Locations
  • Wendy's of Bowling Green is a Premier Franchisee of the Wendy's Family

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

Listing Price: $2,582,012

Cap Rate
5.40%
Tenant Name
Wendy's of Bowling Green, Inc.
Years Remaining On Lease
18.4
Gross SF
2,726
Rentable SF
2,726
Price/Gross SF
$947.18
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$51.15

Investment Highlights

  • A 20-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 10 Percent Every Five Years
  • There are Four Tenant Renewal Periods of Five Years Each
  • Wendy's is the Worlds Number Three Hamburger Chain in Terms of Locations
  • Wendy's of Bowling Green is a Premier Franchisee of the Wendy's Family

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy's located at 1047 Madison St, Shelbyville, TN. The property consists of 2,726 square feet of building space and is situated on a 0.71-acre parcel. The Wendy's is subject to a 20-year triple-net (NNN) lease, which commenced on June 17, 2019. The lease will call for 10.00% rental increases every five years that will continue through the base term and into the four, five-year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

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