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| Price $2,450,980 | Built/Renov 2022 | Tenant Wendy's |
| Cap Rate 5.10% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
2,500
| Lease Start
12-20-2022
| #Units
81
|
| Price/SF $980.39 | Expiration
12-19-2042
| Tenant Type Fast Food/QSR |
| NOI $125,000 | R. Term 17.7 | Ownership Fee Simple |
| Rent/SF
$50.00
| Increases 7.5%/4/yrs | Pop 5Mi 12,676 |
| Lot/AC 0.75 | Options 4/5yrs/7.5% | AHHI 5Mi $51,657 |
| | |
This newly constructed Wendy’s is strategically located along the signalized, hard corner intersection of North Broad Street and Straight Creek Road with access to over 20,200 vehicles per day. This property is located a short distance from Walters State Community College with over 5,742 enrolled students and a few minutes from New Tazewell Municipal Airport. Wendy’s is located within...
...New construction
Signalized intersection
Hard corner intersection
Hospital close
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Traded and rated company
50+ unit franchisee backed
Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company, together with its subsidiaries, operates as a...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 1,727 | 7,292 | 12,749 |
| 2023 Total Population : | 1,743 | 7,364 | 12,748 |
| 2023 Employed Civilian Pop : | 495 | 2,737 | 5,233 |
| 2023 Total Businesses : | 199 | 342 | 403 |
| 2023 Average Household Income : | $ 56,681 | $ 55,018 | $ 60,375 |
| 2023 Total Consumer Spending : | $ 33 M | $ 153 M | $ 286 M |
| 2023 Median Age : | 45 | 44 | 44 |
| 2023 Total Households : | 655 | 3,086 | 5,265 |
| 2023 Pop Age 25+: Bachelor's Degree : | 110 | 574 | 1,100 |
| 2023 Average Home Value : | $ 176,813 | $ 163,470 | $ 193,082 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Youngstown Road | Maples Ln | 2022 | 3,741 | 0.30 mi |
| North Broad Street | Montgomery St | 2022 | 17,157 | 0.51 mi |
| SR 33 | Tipton Ave | 2021 | 19,255 | 0.58 mi |
| North Broad Street | Ingle Dr | 2022 | 17,740 | 0.58 mi |
| US 25E;SR 33 | Back St | 2021 | 7,298 | 0.63 mi |
| Dixie Hwy | Ct St | 2003 | 16,280 | 0.64 mi |
| Hwy 33 | Tom Ball Rd | 2003 | 9,980 | 0.74 mi |
| Appalachian Highway | Tom Ball Rd | 2022 | 9,431 | 0.76 mi |
| US-25E | Rose Dr | 2021 | 22,623 | 0.93 mi |
| Appalachian Highway | Dogwood Heights Dr | 2022 | 20,137 | 0.94 mi |
San Antonio, TX
Cap Rate 5.25%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 950
Burlington, NJ
Cap Rate 5.10%
Lease Abs NNN
R. Term 18.10 yrs
Size/SF 2,518
Snellville, GA
Cap Rate 5.85%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 4,481
Morristown, TN
Cap Rate 5.15%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 990
North Richland Hills, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 2,800
East Liverpool, OH
Cap Rate 5.00%
Lease Abs NNN
R. Term 15.80 yrs
Size/SF 5,062
Fort Worth, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 8.10 yrs
Size/SF 1,904
North Richland Hills, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 2,142
Penitas, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 1,227
Davenport, FL
Cap Rate 4.50%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 950
Clermont, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.50 yrs
Size/SF 950
Allen Park, MI
Cap Rate 5.25%
Lease Abs NNN
R. Term 3.11 yrs
Size/SF 4,488
Austin, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 12.11 yrs
Size/SF 890
Kansas City, MO
Cap Rate 5.30%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 950
Strongsville, OH
Cap Rate 5.25%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 1,860
Oak Creek, WI
Cap Rate 5.53%
Lease Abs NNN
R. Term 12.00 yrs
Size/SF 1,829
Sevierville, TN
Cap Rate 5.15%
Lease Abs NNN
R. Term 18.40 yrs
Size/SF 959
Abbeville, LA
Cap Rate 5.52%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 3,147
Baker City, OR
Cap Rate 6.00%
Lease Abs NNN
R. Term 20.00 yrs
Size/SF 2,400
Beech Grove, IN
Cap Rate 5.75%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 2,100
Port Charlotte, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 19.40 yrs
Size/SF 2,370
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
