Wendys | Absolute NNN Lease

2544 Decatur Pike, Athens, TN

$3,025,000

Price

5.15%

Cap Rate

$155,875

NOI

Overview
Cap Rate
5.15%
NOI
$155,875
Building Size
3,120 sqft
Lot Area
1 acres
Lease Type
Absolute Net
Year Built
1994
Roof & Structure
Tenant's Responsibility
Common Area Maintenance
Tenant's Responsibility
Repairs & Maintenance
Tenant's Responsibility
Description

OMDM is pleased to offer this Single Tenant, Absolute NNN Lease investment Opportunity in Athens, TN. The offering is inclusive of the original 20-year lease with 15 years remaining before the renewal options.

This lease features RARE 7.5% increases every five years backed by one of the largest restaurant operators in the World, JAE Restaurant Group. JAE has 215 Wendy’s locations and is a top 5 franchisee in terms of size. Wendy’s is the 3rd largest quick-service hamburger company with nearly 6,500 locations across 29 countries worldwide.

Highlights
  • Original 20 Year Absolute NNN Lease (15+ Years Remaining)
  • Freeway Adjacent | Excellent Visibility and Accessibility
  • JAE has 215 Wendy’s locations and is a top 5 franchisee in terms of size
  • 7.5% Rent Increases Every 5-Years
  • Newly Remodeled Store | Newest Wendy's Store Design
  • Top Tier Store Sales with modest 8.5% rent-to-sales ratio
Documents
Title
OM | Wendy_s | Athens, TN | OMDM
Wendys Flyer - Athens, TN - OMDM
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Location
Gallery