Wendy's NNN Property For Sale — Oneida, TN
19689 Alberta St, Oneida, TN
This offering presents an exceptional opportunity to acquire a newly constructed Wendy's restaurant with a drive-thru, featuring a long-term absolute NNN lease. The property benefits from zero landlord responsibilities and attractive rent escalations, making it a stable and desirable investment. The tenant is a strong Wendy's operator with a portfolio of over 90 units. Located less than one mile from Big South Fork Medical Center, the property serves an area with an average household income exceeding $50,113 within a one-mile radius.
- Address: 19689 Alberta St, Oneida, TN
- Asking price $2.25M
- 6.00% cap rate
- NOI $135,000
- 20 years remaining
- NNN lease
- Year built: 1969
- Building size: 2,243 SF
- Lot size: 0.42 acres
- Rent increases: 7.5% every 5 years
- Guarantor: Corporate
Location
This Wendy's property is at 19689 Alberta St in Oneida, Tennessee.
Asset type: Fast Food