376 E Jackson Blvd - Fast Food FOR SALE


Jonesborough, TN 37659
$2,920,000 USD
949-419-3223
376 E Jackson Blvd, Jonesborough, TN for Sale
$2,920,000 USD
Fast Food - FOR SALE
1/5
null | 5% Cap Rate

376 E Jackson Blvd
Jonesborough, TN 37659


HIGHLIGHTS

  • Introducing a Brand New, Rare 30-Year Wendy’s
  • Wendy’s New Global Next Gen Prototype – Grand Opening in November 2024
  • Affluent Area with the Average Household Income Exceeding $110,000 within 1 Mile
  • 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

OVERVIEW

--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

FOR SALE DETAILS

PRICE

$2,920,000 USD

PRICE/SF

$1,259 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's - Brand New 30-Year Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

08

APN/PARCEL ID

060A-D-006.02

ASK ABOUT THIS PROPERTY

Craig ElsterMarcus & MillichapMore Info
949-419-3223

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Craig ElsterMarcus & MillichapMore Info
949-419-3223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.