Wendy’s – Brand New 30-Year Lease
376 E. Jackson Boulevard, Jonesborough, TN 37659
Property Description
Price: $2,920,000
Land Area: ±1.23 AC
Cap Rate: 5.00%
Gross Leasable Area: ±2,320 Square Feet
Year Built: 2024
Investment Highlights
Introducing a Brand New, Rare 30-Year Wendy’s
Wendy’s New Global Next Gen Prototype – Grand Opening in November 2024
Prime Retail Location
- Highly-Trafficked Location on US-321 (Traffic Counts Exceed 30,000 Cars Per Day)
- Affluent Area with the Average Household Income Exceeding $110,000 within 1 Mile
- Expansive 1.23 Acre Lot, Providing Ample Space for Parking
- Located within 6 Miles of East Tennessee State University with Over 15,000 Students Enrolled
- The Subject Property is Across from the Washington County Court, Contributing to Consumer Activity
- Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Tractor Supply, Lowe’s Home Improvement, Captain D’s, Regions Bank, Papa John’s Pizza, Food City, Pizza Hut, Taco Bell, Ingles Market, and Many More
Experienced Wendy’s Franchisee
- Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
- Tri-Cities Restaurant Group Operates 19 Locations in this Market and has Won Numerous Awards for Great Performance in the Wendy’s National System, including the Monument Award for Brand Transformation for a Small-to-Medium-Sized Franchise
- Scheduled 7.5% Increases Every Five Years Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
Broker of Record:
- Jody McKibben
- 6 Cadillac Drive, Suite 100, Brentwood, TN 37027
- Phone: (615) 997-2900
- License: #307629
Contact Information
Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
[email protected]
License: CA 01958307
James Andrews
Associate
Net Leased Properties Group
(949) 419-3302
[email protected]
License: CA 02115272
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643