Wendy's 20 Year NNN Lease - Strong Sales
Wendy's 20 Year NNN Lease - Strong Sales and Legacy Operator
Marketing description
Issenberg & Britti Group of Surmount is pleased to present for sale this new 20-Year Sale- Leaseback Wendy’s Hamburger Restaurant located at 903 New Highway 68 in Sweetwater (Knoxville MSA), Tennessee. Sweetwater is a city in Monroe and McMinn Counties with a population of 6,312. Sweetwater is the home of Craighead Caverns which contains the Lost Sea, the largest underground lake in the United States. In 2022, TravelMag named Sweetwater one of Tennessee’s Ten Most Charming Cities. Sweetwater is centered along U.S. Route 11 between its junction with State Route 68 and State Route 322. On January 15, 2022, Red Stag Fulfillment announced plans to develop a 420-ace commerce distribution center along I-75 which is estimated to provide 3,500 jobs and annual tax revenue of $1.9 million to the city of Sweetwater.
Nearby colleges and universities include Cleveland State Community College with 3,573 enrolled students, Tennessee Wesleyan University with 1,103 enrolled students and Roane State Community College with 5,636 enrolled students.
Also located nearby the property is Athens Regional Medical Center with 118 beds serving the community and Starr Regional Medical Center with 278 beds.
Numerous apartment complexes surround this Wendy’s Restaurant including Sequoyah Trail Apartments, West Hills Apartments, Dogwood Trace II Apartments, Cross Creek Apartments, Monroe Ridge Apartments, Apartments 1, Ridgeview Apartments, Crestview Apartments, New Adventure Apartments, Mountain View Apartments, Ridgeway Apartments, and Island Grove Apartments.
Wendy’s is an international fast food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio. The Wendy’s Company (NASDAQ:WEN) is the world’s third largest quick service hamburger company (following Burger King and McDonald’s). It includes more than 6,500 franchise and company restaurants in the United States and in 29 other countries and U.S. Territories worldwide. (5,457 restaurants are franchised and 77 percent of them are located in North America). It’s annual sales volume is over $2.06+ Billion.
Investment highlights
- Brand New 2023 Construction Wendy’s Restaurant with Drive Thru
- New 20-Year Sale-Leaseback | No Landlord Responsibilities
- Attractive 7.5% Rent Increases Every 5 Years
- Strong Wendy’s Operator | 76+ Units
- Wendy’s Hamburger Restaurant Located at 903 New Highway 68 in Sweetwater (Knoxville MSA), Tennessee Population 6,312 and Named One of Tennessee’s Most Charming Cities
- Average Household Income Exceeds $62,482 in a Mile Radius
- Located across from Ingles Market and Rural King and in Front of a Dollar Tree
- Traffic Counts Exceeding 20,000 Vehicles Per Day
- Nearby Colleges and Universities Include Cleveland State Community College with 3,573 Enrolled Students, Tennessee Wesleyan University with 1,103 Enrolled Students and Roane State Community College with 5,636 Enrolled Students
- This Wendy’s is Located Nearby Athens Regional Medical Center with 118-Beds and Starr Regional Medical Center with 278-Beds
- Numerous Apartments Complexes Surround this Property Including Sequoyah Trail Apartments, West Hills Apartments, Dogwood trace II Apartments, Cross Creek Apartments, Monroe Ridge Apartments, Apartments 1, Ridgeview Apartments, Crestview Apartments, New Adventure Apartments, Mountain View Apartments, Ridgeway Apartments and Island Grove Apartments
- The Wendy’s Company is the World’s Third Largest Quick Service Hamburger Company with 6,500 Restaurants and Over $2.06+ Billion Annual Sales
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