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33845728
33845727

303 West Main St., Waverly, TN 37185

JS
TN TN 333989
Franklin Street
CB
TN 362849
Franklin Street
Listed by Franklin Street
$2,000,000
1 day on market
Updated 1 day ago

Burger King // 20 Year Absolute NNN // Low Price Point

Details
APN 064H-A-012.00
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,492
Cap Rate 6.00%
NOI $120,000
Tenancy Single
Brand/Tenant Burger King
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options Four 5-Year Options
Year Built 2018
Acreage 1.040
Parking Spaces 32 spaces
Parking Per SqFt 9.16
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Ownership Franchisee

20 Year Absolute NNN // Low Price Point

Marketing description

Waverly is the county seat of Humphreys County, Tennessee, and serves as the commercial, healthcare, and government anchor for the region. Situated at the junction of U.S. Route 70 — which connects the city directly to Nashville approximately 75 miles to the east and Memphis to the west — the city benefits from sustained regional traffic and consistent consumer demand driven by its role as the area's principal service center. The county's primary economic drivers include manufacturing, public-sector employment, healthcare, and regional retail trade, all of which contribute to stable, year-round demand for daily-needs services.

The West Main Street corridor represents Waverly's most established and heavily traveled commercial artery, serving as the primary east-west connector through the city center. Retail fundamentals along West Main Street remain stable, with nationally recognized tenants serving the local consumer base and consistent daily traffic from both city and county residents who rely on this corridor for essential goods and services.

Despite its small-town character, Waverly benefits from its proximity to major regional destinations including Loretta Lynn's Ranch and the Kentucky Lake recreational area, which generate incremental visitor traffic throughout the year. The market's limited new-development pipeline, affordable cost structure relative to Tennessee's urban markets, and position as the county's only commercial hub make core corridor assets such as this Burger King location defensively positioned for consistent long-term performance.

Investment highlights

  • Single-tenant, absolute triple-net (NNN) Burger King
  • Prime Waverly location along U.S. Route 70, the city's dominant commercial corridor connecting Nashville and Memphis
  • Positioned along West Main Street, the primary retail artery and only established quick-service corridor in Humphreys County
  • Humphreys County trade area of approximately 19,000 residents, with Waverly serving as the sole county seat and commercial anchor
  • Median household income of approximately $43,000-$60,000 within the broader area, supporting consistent quick-service demand
  • Strategically positioned among regional retailers including Walmart and other daily-needs anchors along the West Main Street corridor
  • Located approximately 75 miles west of Nashville and within easy access of I-40 via SR-13, benefiting from regional commuter and recreational pass-through traffic
  • Supply-constrained market with limited national QSR competition and a captive consumer base dependent on West Main Street for daily-needs retail
  • High-volume Burger King location with drive-thru sales comprising 65%-75% of total revenue in comparable locations

Listing Contacts

JS
TN TN 333989
Franklin Street
CB
TN 362849
Franklin Street
Listed by Franklin Street

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,000.00
$10,000.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Justin Sturdivant
License
TN 333989
Name
Carter Boone
License
362849
Brokerage
Franklin Street
Brokerage Phone
(615)433-5511
Title
Senior Associate
Brokerage Address
424 Church Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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