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