Wendy's on John B. Dennis Hwy
|Catylist Listing ID:
|Building Size (RSF):
|Gross Building Area:
|Gross Land Area:
|Property Use Type:
||Net Leased Investment (NNN), Investment
||Cash to Seller
Overview / Comments
JUST REDUCED! Great Investment Opportunity! Busy Wendy's location! This property is situated at the gateway to Kingsport and Eastman Chemical Company at I-26, Exit 4. A free standing 2,887 sq ft restaurant on 1 acre. Wendy's just renewed new 5-year lease March 2019 with one 5-year option remaining. It is a 6.3% CAP. Tenant will execute a new 20-year lease including rent increases with new owner remodeling investment.
Nice hospitality location with Hampton Inn, Quality Inn and Comfort Suites in immediate vicinity. Great traffic counts and super visibility fronting John B Dennis Hwy next to Hardees. Nearby retailers include Dollar General, Price Less Foods, Burger King, and McDonald's. Lease details and financials available to serious inquiries only. Contact listing agent for further details.
© Copyright 2001-2019 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Northeast Tennessee Association of REALTORS® nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.