Wendy’s 20 Year NNN Lease | 2021 Construction

410 S Charles G Seivers Blvd, Clinton, TN 37716, USA
$2,637,363

Description

Marcus & Millichap is pleased to present for sale this brand new construction Wendy’s Restaurant with Drive Thru located at 410 S. Charles G. Seivers Boulevard in Clinton, Tennessee. Clinton, Tennessee is a short 25 minute drive from downtown Knoxville and benefits from being part of the Knoxville Metropolitan Area with a population over 1,045,111 and the third largest metropolitan area in Tennessee. This Wendy’s property is currently under construction and has an estimated opening date of mid to late October 2021.
This Wendy’s Restaurant is located nearby many colleges and universities. The property is 14 minutes from Goff Health Sciences and Technology College with 6,214 students; 17 minutes from Crown College with 1,522 students and 20 minutes from Pellissippi State Community College with over 10,894 students. Many apartment complexes surround this property including Willow Run, a brand-new apartment complex only three minutes from this Wendy’s. Also three minutes away is Charles Seivers Towers with five stories and 149 apartment units. Other apartment complexes in close proximity include Calloway Apartments, Gate manor Apartments and Village at Carriage Hills Apartments. Hospitals in the vicinity of this property include Nearedt hospital, Methodist Medical Center and North Knoxville Medical Center all less than 20 minutes from this property. Clinton High School with 1,112 students as well as Clinton Middle School with 560 Students are also minutes from this Wendy’s.
Wendy’s is an international fast-food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio. As of January 2019, there were a total of 6,828 locations, including 361 that are company owned. 6,467 restaurants are franchised and 77 percent of them are located in North America. (In 2016, Wendy’s was the world’s third largest hamburger fast-food chain following Burger King’s 12,000 plus locations and McDonald’s 31,000 locations.

  • Brand New 2021 Construction Wendy’s Restaurant with Drive Thru | Estimated Opening October 2021
  • 20 Year NNN Lease with 7.5% Increases Every 5 Years in Rent
  • Located at a Hard Corner Signalized Intersection
  • Located a short 25 minute drive from Downtown Knoxville
  • Clinton, Tennessee is Part of Knoxville Metropolitan Statistical Area with a Population over 1,045,000 and the 3rd Largest Metropolitan Area in Tennessee
  • Very Strong 220+ Unit Operator
  • Wendy’s is considered an Essential Tenant

Property Documents

  • City: Clinton
  • State/county: Tennessee
  • Zip/Postal Code: 37716
  • Country: United States

Detail

  • Price: $2,637,363
  • Year Built: 2021

Additional details

  • CAP RATE: 4.55%
  • NOI: $120,000

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