Wendy’s

Huntingdon, TN

Price $1,688,000
Cap Rate 5.65%
TYPE Single-Tenant
STATUS Available
Tenant Wendy's
LEASE TYPE Absolute NNN
SQUARE FEET 2,094
PRICE/SQ FT $806
YEAR BUILT 1989
LEASE EXP. 12/31/2032
LISTING AGENT Justin Zahn
480-718-5555
justin@ciadvisor.com
Terry Lynch, Southland Realty Corporation
Tennessee Local Broker, #15798

Property Description

Wendy’s has 14+ years remaining on an initial 20-year Absolute NNN lease with 7% rental escalations every 5 years and four 5-year renewal options. The tenant, Wendhunt Corp. is an experienced three-unit Wendy’s franchisee. The subject location has been successfully open and operating for decades with an attractive 6.90% rent-to-sales ratio!

Wendy’s is locate in Huntingdon, TN just off the hard corner of East Main Street and Buena Vista Road with excellent drive by visibility. This asset is a pad site to Tractor Supply Co., & Dollar General and nearby retailers include Walmart Supercenter, Dollar Tree, Save-A-Lot, Advance Auto Parts NAPA Auto Parts, etc. Wendy’s is located just 2.5 miles from Baptist Memorial Hospital (70 beds).

*In Association with Tennessee Local Broker: Terry Lynch, #15798

Property Highlights

  • 14+ Years Remaining on 20-Year Absolute NNN Lease with 7% Rental Escalations every 5 Years with Four 5-Year Renewal Options
  • Successfully Open & Operating for Decades with an Attractive 6.90% Rent-to-Sales Ratio!
  • Demographics (5-MI): Total Population: 6,151 | Average Household Income: $50,549
  • Wendhunt Corp. is an Experienced Three-Unit Wendy’s Franchisee
  • Hard Corner Location on E Main St & Buena Vista Rd with Great Drive-By Visibility where Traffic Counts Exceed 12,220 CPD!