Wendy's West Stone Drive

Retail-Commercial for Sale
Catylist Listing ID: 30466990
Property Subtypes: Restaurant
Building Size (RSF): 3,450 SF
Gross Building Area: See Agent
Gross Land Area: 1.27 Acres
Sale Price: $2,300,000
Unit Price: $666.67 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.6%
Last Updated: 8/5/2019

Overview / Comments

Excellent Investment Opportunity! Busy Wendy's location! A free standing 3,450 sq ft restaurant on 1.27 acres, this property is situated on highly traveled West Stone Drive near Clinchfield Street intersection. This Wendy’s has been in operation at this location since opening in 2014 and has approximately 15 years remaining on a 20 year NNN lease with the option to extend the lease for 3 successive periods of 5 years each. It is a 8.6% CAP.

Situated in popular commercial and medical district with great traffic counts and super visibility fronting West Stone Drive. Ballad Heath System and Holston Medical Group facilities are located nearby as are various auto dealerships, Home Depot, Advance Auto and established residential areas. Lease details and financials available to serious inquiries only. Contact listing agent for further details.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082 046A B 00301 000 2017

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,431 40,354 65,236
Median Age: 39.46 43.35 43.7
Households: 4,186 17,993 28,639

Contact

Photograph of Listing Agent

R. Lynn Shipley, Jr.

TCI Group - Jerry Petzoldt Agency NETAR CMLS Member
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