Restaurant

Wendy's

807 S Cumberland Street, Lebanon, TN 37087

Listing Price: $2,965,727

Cap Rate
5.40%
Tenant Name
Wendy's Bowling Green, Inc
Years Remaining On Lease
18.60
Gross SF
2,981
Rentable SF
2,981
Price/Gross SF
$994.88
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.72

Investment Overview

Marcus & Millichap is please to present the exclusive listing for a Wendy's located at 807 S Cumberland Street, in Lebanon, TN. The property is subject to a 20-year triple-net (NNN) lease that commenced on June 17, 2019. The current rent is $160,149 with 10 percent rental increases every five years that will continue throughout the four, five year options.

Investment Highlights

  • There are Four Tenant Renewal Periods of Five Years Each
  • A 20-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 10 Percent Every Five Years

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: $2,965,727

Cap Rate
5.40%
Tenant Name
Wendy's Bowling Green, Inc
Years Remaining On Lease
18.60
Gross SF
2,981
Rentable SF
2,981
Price/Gross SF
$994.88
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.72

Investment Highlights

  • There are Four Tenant Renewal Periods of Five Years Each
  • A 20-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 10 Percent Every Five Years

Investment Overview

Marcus & Millichap is please to present the exclusive listing for a Wendy's located at 807 S Cumberland Street, in Lebanon, TN. The property is subject to a 20-year triple-net (NNN) lease that commenced on June 17, 2019. The current rent is $160,149 with 10 percent rental increases every five years that will continue throughout the four, five year 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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