Wendy's for Sale in Elizabethton, TN
Elizabethton, TN
Key Investment Metrics
Price
$2,356,000
Cap Rate
6.0%
Net Operating Income
$141,368
Building Size
2431 SF
Land Area
0.79 Acres
Remaining Term
15 years
Lease Expiration
08/30/2041
Lease Term
20 years
Lease Commencement
03/09/2004
Lease Type
Absolute NNN
Tenant Credit
Franchisee, Corporate Guarantee
Year Built
1991
Occupancy
100%
Tenancy
Single
Rent Increases
8% Every 5 Years
Property overview
Wendy's in Elizabethton
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,431 SF
- Land area
- 0.79 acres
- Year built
- 1991
- Lease type
- Absolute NNN
- Lease expiration
- 08/30/2041
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.