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

SINGLE TENANT WENDY'S
• State Income Tax in Tennessee

TAX FREE STATE
• Single-Tenant Wendy’s backed by one of the largest restaurant operators in the world, JAE Restaurant Group
• Original 20 Year Absolute NNN Lease (16+ Years Remaining)
• Newly Remodeled Wendys (2018) to most current prototype. Image activation boosts store sales 10%-15% on average
• Absolute NNN lease; Zero Landlord Responsibilities
• Top Tier Store Sales with modest 8.5% rent-to-sales ratio
• Lease is guaranteed by 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
  • Depreciable Asset
  • Freeway Adjacent
  • Excellent Visibility and Accessibility
  • Strong Retail Tenant Synergy
  • Strong Demographics
  • Centrally Located
Documents
Title
Offering Memorandum
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Location
Gallery