Wendy’s

Paris, TN

Price $1,702,000
Cap Rate 5.50%
TYPE Single-Tenant
STATUS Under Contract
Tenant Wendy's
LEASE TYPE Absolute NNN
SQUARE FEET 2,580
PRICE/SQ FT $659
YEAR BUILT 1981
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, Pattman, LLC is an experience Wendy’s franchisee that owns and operates 45 locations. The subject location has been successfully open and operating for decades with a 9.9% rent to sales ratio!

Wendy’s is located in Paris, Tennessee on a large 1.10 acre lot with high drive by visibility from Mineral Wells Avenu. Nearby retailers include: Burke’s Outlet, Dollar Tree, Kroger, Walmart Supercenter, Lowe’s Home Improvement, Save-A-Lot, Walgreens, CVS Pharmacy, Advance Auto Parts, NAPA Auto Parts, AutoZone, Dollar General, Hibbett Sports, Peebles, CATO, Sears Hometown Store, Tractor Supply Co., etc. Wendy’s is also less than 1 mile from Henry County Medical Center (142 beds).

*In Association with Tennessee Local Broker: Terry Lynch, Southland Realty Corp

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 a 9.9% Rent-to-Sales Ratio
  • Demographics (5-MI): Positioned in Main Retail Corridor with Total Population of 16,078 and Average Household Income of $52,991
  • Pattman, LLC – Experienced Wendy’s Franchisee that Owns & Operates 45 Locations!
  • Positioned on a Large ±1.10-Acre Lot – Across the Street from Shoe Carnival, Burkes Outlet & Save-A-Lot with High Drive-By Visibility from Mineral Wells Avenue where Traffic Counts Exceed 21,170 CPD!