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| Price $2,545,454 | Built/Renov 2023 | Tenant Wendy’s |
| Cap Rate 5.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
2,243
| Lease Start
11-01-2023
| #Units
7,240
|
| Price/SF $1,134.84 | Expiration
10-31-2043
| Tenant Type Fast Food/QSR |
| NOI $140,000 | R. Term 18.0 | Ownership Fee Simple |
| Rent/SF
$62.42
| Increases 7.5%/6/yrs | Pop 5Mi 14,191 |
| Lot/AC 0.90 | Options 4/5yrs/7.5% | AHHI 5Mi $67,694 |
| | |
Brand new 2023 construction Wendy’s with drive-thru in Sweetwater, Tennessee
20-year absolute NNN lease with no landlord responsibilities
Lease commenced November 1, 2023, expiring October 31, 2043
7.5% rent increases every five years including option periods
Four five-year renewal options providing long-term income stability
Strong franchisee operator with over 76 Wendy’s locations nationwide
Located along New Highway 68 with traffic exceeding 20,000 vehicles daily
Positioned across from Ingles Market, Rural King, and Dollar Tree within Knoxville MSA
Wendy’s is strategically located along New Highway 68 in Sweetwater, Tennessee, with access to a daily traffic count of approximately 20,000 vehicles. The site is surrounded by major national retailers including Ingles Market, Rural King, and Dollar Tree, driving consistent consumer traffic to the area. The property is located near several schools, residential communities, and new developments...
...New construction
Build to suit
Major thoroughfare
Dense retail corridor
Top 100 MSA
Strong demographics
Long 20+ yr lease
Absolute NNN
Traded and rated company
Corporate Guarantee
Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company and its subsidiaries operate as a quick-service...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
