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NEW TO MARKET

Absolute NNN Wendy’s Ground Lease | Low Rent | Very Strong Operator | Cleveland, TN

Attractive Rent Increases Every Five Years
Cap Rate
5.00%
Location
CLEVELAND (Chattanooga MSA) Tennessee
List Price
$2,150,000
  • Absolute NNN Lease with Zero Landlord Responsibility
  • Very Strong Wendy’s Operator | 220+ Units
  • Located at the Corner of A Signalized Intersection | Exposure to More Than 28,800 Vehicles Per Day
  • Full Image Activation Remodel to Be Completed By 2025 | Commitment to Site
  • Attractive Rent Increases Every Five Years
  • Tennessee Is a No Income Tax State
  • Wendy’s Is Considered an Essential Tenant

Investment Details


MOVING TO CONTRACT

Wendy’s 14+ Years NNN Tenessee Walmart Super Center Outparcel

Located at the Corner of a Signalized Intersection
Cap Rate
4.25%
Location
NEWPORT
(Knoxville MSA) Tennessee
List Price
$2,747,400
  • Absolute NNN Lease with Zero Landlord Responsibility
  • Very Strong Store Sales – See Agents for Details
  • Rare 12% Increases Every Five Years
  • Located at the Corner of a Signalized Intersection
  • Outparcel to Walmart Supercenter
  • Strong Traffic Counts exceeding 20,000 Vehicles Per Day
  • Full Image Activation Remodel Completed in 2016 | Commitment to Site
  • Experienced Wendy’s Operator
  • Tennessee is a No Income Tax StateWendy’s is considered an Essential Tenant

For More Information Please Contact

Michael Salafia, michael.salafia@marcusmillichap.com (786) 522-7134

Rating: 5 out of 5.

RECENTLY CLOSED

Brand New 2021 Construction Wendy’s 20 Year NNN Lease for Sale

Coming to market in Tennessee, brand new absolute triple net Wendy’s with a strong guarantee and high traffic location.

Download OM

For more information, please contact Michael Salafia, michael.salafia@marcusmillichap.com (786) 522-7134.


Brand New 2021 Construction Wendy’s 20 Year NNN Lease for Sale in Florida

Attached is the OM for our latest Wendy’s 20-year NNN investment property in Homosassa, Florida.  Homosassa is located near Crystal River, north of Tampa.


I like these Wendy’s 20 Year NNN deals we’ve been bringing to market because the store sales are strong, the rent to sales ratios are stable, the guarantee is strong, and the rent increases scale your cash flow over time. 

RECENTLY CLOSED

Wendy’s Homossa Beach FL 20-Year NNN | 2021 Construction

  • Asking Price: $2,800,000
  • Cap Rate: 5%
  • NOI: $140,000
  • Lease Term: 20 Years

This Wendy’s is a sale-leaseback from JAE, one of the strongest operators in the Wendy’s franchise system. We’re asking for a 5% cap, which is a higher return in comparison to our last 3 Wendy’s in Florida which were priced at a 4.75% cap rate. The tenant reports sales, but since it’s a brand new store you will have to request them from us. Wendy’s averages over $1.6M per restaurant nationally.

Investment Highlights

■ Brand New Construction Wendy’s Fast Food Restaurant with Drive Thru
■ 20 Year Absolute NNN Lease with 7.5% Increases in Rent During the Base Term and Option Periods
■ Hard Corner Signalized Intersection with Traffic Counts Exceeding 27,000 Vehicles Per Day
■ In close proximity to Sugarmill Woods Community with hundreds of homes and 3 Communities including Southern Woods, Oak Village and Cypress Village
■ Across the street from Publix Super Market at Shoppes of Sugarmill Woods with retailers including Subway , Verizon, GNX, Edward Jones, Pinch-A-Penny, Dominos, Walgreens and Truist Bank
■ Nearby schools include Elewood Elementary (466 Students), Homosassa Elementary School (403 Students) and Solid Rock Christian School (175 Students)
■ Florida is a No Income Tax State

Download OM

We have several other Wendy’s with similar terms available for sale in tax free states like Florida, Texas, and Tennessee, and throughout the United States.

For more information please contact Michael Salafia, Net Lease Investment Advisor, by calling (786) 522-7134 or by emailing michael.salafia@marcusmillichap.com.

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Michael Salafia

Office: (786) 522-7134 michael.salafia@marcusmillichap.com 5201 Blue Lagoon Drive, Suite 100, Miami, FL License: FL: SL-3462183

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