Wendy’s – 216 Unit Guarantor – 20 Year NNN Lease – Dayton, TN

4257 Rhea County Hwy, Dayton, TN 37321, USA


Marcus & Millichap is pleased to offer for sale this absolute net leased Wendy’s located at 4257 Rhea County Highway, Dayton, Tennessee.
The subject property consists of a 3,082 square foot restaurant, with drive up window and ample parking on a large .95 acre parcel of land and is strategically located just on Rhea County Highway with daily traffic counts in excess of 20,520 vehicles per day and benefits from close to 16,904 full time residences with a house hold income exceeding $55,205 annually.
This property is subject to a 20 Year lease with 7.5 percent increase every five years including the four, five – year option periods. The lease is backed by a 236 unit operating company with stores in FL, NM, TX and TN.
There are numerous National and Regional retailers in the immediate area including Advance Auto Parts, Subway, Arby’s, Papa John’s, South East bank, Dollar General and Captain D’s among others. Several colleges and universities are within 5 minutes of this Wendy’s including Chattanooga State College with 10,121 students. Also in close proximity to the property is the 28 million dollar facility, Rhea Medical Center. Located nearby is Laurel Snow State Natural Area, a popular recreational area with 2,259 acres managed by the Tennessee Department of Conservation and hosting thousands of visitors annually.
Wendy’s is an international fast food chain restaurant founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States. As of March 2016, Wendy’s was the world’s third largest
hamburger fast food chain with approximately 6,650 locations, following Burger King’s 12,000 plus locations and McDonald’s’ 31,000 plus locations.

  • 20 Year Absolute NNN Lease
  • Store to be Remodeled within 12 Months of Closing
  • Strong 236 Unit Franchisee Backing the lease
  • Strong Hedge Against Inflation: 7.5% Rent Increases Every 5 Years During the Base Term and Options
  • More than 150,000 People Located Within a Five Mile Radius
  • Several Shopping Malls Nearby Including the 5 Story Mountain Mall and Northgate Mall (52 Retailers)
  • 5 Minutes from Chattanooga State College with 10,121 Students
  • Pendergrass Park, Point Park are Popular Recreational Areas Nearby Property
  • Rhea Medical Center (28 Million Dollar Facility) is 8 Minutes Away from Property

Property Documents

  • City: Dayton
  • State/county: Tennessee
  • Zip/Postal Code: 4257 37321
  • Country: United States


  • Price: $1,812,418

Additional details

  • CAP Rate: 5.50%
  • NOI: $99,683