Wendy's NNN Property For Sale — Cleveland, TN
Unknown, Cleveland, TN
This Wendy's triple net lease property in Cleveland, TN, presents an outstanding investment opportunity for commercial real estate investors. The property, built in 1976, features 2,326 square feet of building space. With a cap rate of 5.3% and an asking price of $2,190,476, it offers stable income potential and is an attractive option for 1031 exchange investors seeking high-quality commercial properties. Wendy's is a nationally recognized brand with proven operational success, providing predictable cash flow with minimal landlord responsibilities. The property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes. The absolute net lease structure means the tenant is responsible for property taxes, insurance, and maintenance. Located in Cleveland, TN,…
- Address: Unknown, Cleveland, TN
- Asking price $2.19M
- 5.30% cap rate
- NOI $115,000
- 19.9 years remaining
- NNN lease
- Year built: 1976
- Building size: 2,326 SF
- Lot size: 0.59 acres
- Lease expiration: Nov 30, 2045
- Rent increases: 7.5% every 5 years
- Guarantor: Corporate
Location
This Wendy's property is at Unknown in Cleveland, Tennessee.
Asset type: Retail QSR/Fast Food