1735 Decherd Blvd - Fast Food FOR SALE


Decherd, TN 37324
$1,247,052 USD
818-907-4696
1735 Decherd Blvd, Decherd, TN for Sale
$1,247,052 USD
Fast Food - FOR SALE
1/7
null | 5% Cap Rate

1735 Decherd Blvd
Decherd, TN 37324


HIGHLIGHTS

  • Long Term Lease | 14+ Years Remaining on the Lease
  • Commuter Route Frontage | Property boasts frontage on Decherd Blvd which see 20,000+ VPD
  • Absolute NNN Lease | Zero landlord responsibilities whatsoever
  • Ease of Circulation | Wendy’s benefits from being situated on an oversized 1.9 ACRE lot with ample parking and a drive-thru
  • Rental Increases | 10% Rental Increases Every 5 Years, providing a strong hedge against inflation
  • Tennessee is an Income-Tax Free State

OVERVIEW

CBRE is pleased to present a Wendy’s for sale located at 1735 Decherd Blvd in Decherd, TN. The property includes a 2,685 SF building on a 1.90-acre parcel. This site benefits from being located on Decherd Blvd, which sees 20,000+ vehicles per day. The property is located in Franklin County, which is home to 44,000 people. The property is surrounded by national retailers such as including Kroger, Walgreens, McDonald’s, Hardee’s, Dollar Tree, Tractor Supply, and many more. The Lease is backed by Vestco Inc., and operates under an Absolute NNN Lease with zero landlord responsibilities. There are just under 15 years remaining with 10% rent increases every 5 years and four 5-year renewal options. Vestco Inc. is a franchise of Wendy’s International, Inc. and is locally owned and operated. Beginning in 1996, the first restaurant was opened in Lexington, TN. Vestco is a growing company with plans to open more restaurants around and across the state.

FOR SALE DETAILS

PRICE

$1,247,052 USD

PRICE/SF

$464 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

-

APN/PARCEL ID

065D-B-001.05

ASK ABOUT THIS PROPERTY

818-907-4696

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818-907-4696

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