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Restaurant

Absolute NNN Wendy’s Low Rent

925 25th St NW, Cleveland, TN 37311

Listing Price: $2,150,000

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
5.8
Guarantor
Corporate Guarantee
Rentable SF
2,326
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.22

Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute NNN Wendy’s located at 925 25th Street NW, Cleveland, Tennessee. The subject property consists of a Free Standing 2,326 square foot restaurant with a drive-thru window and ample parking on a .59 Acre Parcel of land. Strategically situated at the Hard Corner Signalized Intersection of 25th St NW and Peerless Rd NW, the property benefits from great visibility and daily traffic counts in excess of 28,800 vehicles per day. The Immediate trade area is home to more than 43,356 full time residents with an average household income exceeding $72,528 annually. Directly off Interstate 75, the Subject Property is also within proximity to the Mars Chocolate North America Factory (M&M, Twix, Milky Way) and the Life Care Centers of America HQ, which employs over 40,000 people. This Wendy’s is in the vicinity of National Retailers such as Big Lots, KFC, Papa Johns, Arby’s, Tractor Supply, Taco Bell, and many others. This location is operated by Southeast Food Services Company LLC - 42 Unit Operating Company. Wendy’s has been operating this location for over 15 years and at the tenant’s expense, must undergo a full remodel of the restaurant by November 2025. Through their commitment to their company goals and the Senior Leadership team with over 300 years of relevant experience, JAE has positioned themselves in Top 5 Franchisees in the Wendy’s System. Wendy’s 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 over 6,711 locations, including 353 that are company-owned. 6,356 restaurants are franchised and 77 percent of them are located in North America. (In 2016, Wendy’s was the world’s third largest hamburger fast-food chain, following Burger King’s 12,000 plus locations and McDonald’s with 31,000 plus locations.).

Investment Highlights

  • Absolute NNN Lease with Zero Landlord Responsibility
  • Strong Wendy's Operator | 42 Units
  • Full Image Activation Remodel to Be Completed By 2025 | Commitment to Site
  • Wendy's Is Considered an Essential Tenant

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Restaurant

Absolute NNN Wendy’s Low Rent

Listing Price: $2,150,000

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
5.8
Guarantor
Corporate Guarantee
Rentable SF
2,326
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.22

Investment Highlights

  • Absolute NNN Lease with Zero Landlord Responsibility
  • Strong Wendy's Operator | 42 Units
  • Full Image Activation Remodel to Be Completed By 2025 | Commitment to Site
  • Wendy's Is Considered an Essential Tenant

Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute NNN Wendy’s located at 925 25th Street NW, Cleveland, Tennessee. The subject property consists of a Free Standing 2,326 square foot restaurant with a drive-thru window and ample parking on a .59 Acre Parcel of land. Strategically situated at the Hard Corner Signalized Intersection of 25th St NW and Peerless Rd NW, the property benefits from great visibility and daily traffic counts in excess of 28,800 vehicles per day. The Immediate trade area is home to more than 43,356 full time residents with an average household income exceeding $72,528 annually. Directly off Interstate 75, the Subject Property is also within proximity to the Mars Chocolate North America Factory (M&M, Twix, Milky Way) and the Life Care Centers of America HQ, which employs over 40,000 people. This Wendy’s is in the vicinity of National Retailers such as Big Lots, KFC, Papa Johns, Arby’s, Tractor Supply, Taco Bell, and many others. This location is operated by Southeast Food Services Company LLC - 42 Unit Operating Company. Wendy’s has been operating this location for over 15 years and at the tenant’s expense, must undergo a full remodel of the restaurant by November 2025. Through their commitment to their company goals and the Senior Leadership team with over 300 years of relevant experience, JAE has positioned themselves in Top 5 Franchisees in the Wendy’s System. Wendy’s 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 over 6,711 locations, including 353 that are company-owned. 6,356 restaurants are franchised and 77 percent of them are located in North America. (In 2016, Wendy’s was the world’s third largest hamburger fast-food chain, following Burger King’s 12,000 plus locations and McDonald’s with 31,000 plus 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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