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19689 Alberta St 2,243 SF Retail Building Oneida, TN 37841 $3,122,572 CAD ($1,392.14 CAD/SF) 6% Cap Rate
Investment Highlights
- 2024 Construction Wendy’s Restaurant with Drive Thru.
- Attractive 7.5% Rent Increases Every 5 Years.
- Average Household Income Exceeds $50,113 in a Mile Radius.
- 20 Year Absolute NNN Lease | No Landlord Responsibilities.
- Strong Wendy’s Operators | 90+ Units.
- Wendy’s Hamburger Restaurant Located Less Than One Mile from Big South Fork Medical Center.
Executive Summary
Marcus & Millichap is pleased to present for sale this Wendy’s Hamburger Restaurant located at 19723 Alberta Street in Oneida, Tennessee. Oneida is a town in Scott County, Tennessee with a population of 3,787. Oneida is known for its proximity to the Big South Fork National River and Recreation
Area. This area encompasses 125,000 acres of the Cumberland Plateau and it protects the free-flowing Big South Fork of the Cumberland River and its tributaries. This area attracts 800,000 visitors each year from all over for its scenic gorges and sandstone bluffs. The town is named for Oneida, New York which is the home of several railroad executives who helped to develop the town of Oneida in the 19th century.
Numerous apartment complexes surround this Wendy’s Restaurant Property including Westminster Place Apartments (107 Rented Units), Coopertown Apartments (50 Rented Units), Oak Park Apartments (40 Rented Units), Bear Creek Apartments (64 Rented Units), Winfield Apartments (39 Rented Units) West Haven Apartments, Heritage Hills Apartments, South Fork Apartments and Highlander Pointe Apartments.
Less than a mile from this property is Big South Fork Medical Center, a 25-bed hospital licensed by the State of Tennessee and offering quality healthcare services for Oneida and the surrounding areas.
Numerous colleges and universities are also located nearby this Wendy’s Hamburger Restaurant including Tennessee Colleges of Applied Technology (698 Enrolled Students) Roane State Community College (5,636 Enrolled Students) and Somerset Community College (6,410 Enrolled Students).
Wendy’s is an international fast food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio. The Wendy’s Company (NASDAQ:WEN) is the world’s third largest quick service hamburger company (following Burger King and McDonald’s). It includes more than 6,500 franchise and company restaurants in the United States and in 29 other countries and U.S. Territories worldwide. (5,457 restaurants are franchised and 77 percent of them are located in North America). It’s annual sales volume is over $2.06+ Billion
Area. This area encompasses 125,000 acres of the Cumberland Plateau and it protects the free-flowing Big South Fork of the Cumberland River and its tributaries. This area attracts 800,000 visitors each year from all over for its scenic gorges and sandstone bluffs. The town is named for Oneida, New York which is the home of several railroad executives who helped to develop the town of Oneida in the 19th century.
Numerous apartment complexes surround this Wendy’s Restaurant Property including Westminster Place Apartments (107 Rented Units), Coopertown Apartments (50 Rented Units), Oak Park Apartments (40 Rented Units), Bear Creek Apartments (64 Rented Units), Winfield Apartments (39 Rented Units) West Haven Apartments, Heritage Hills Apartments, South Fork Apartments and Highlander Pointe Apartments.
Less than a mile from this property is Big South Fork Medical Center, a 25-bed hospital licensed by the State of Tennessee and offering quality healthcare services for Oneida and the surrounding areas.
Numerous colleges and universities are also located nearby this Wendy’s Hamburger Restaurant including Tennessee Colleges of Applied Technology (698 Enrolled Students) Roane State Community College (5,636 Enrolled Students) and Somerset Community College (6,410 Enrolled Students).
Wendy’s is an international fast food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio. The Wendy’s Company (NASDAQ:WEN) is the world’s third largest quick service hamburger company (following Burger King and McDonald’s). It includes more than 6,500 franchise and company restaurants in the United States and in 29 other countries and U.S. Territories worldwide. (5,457 restaurants are franchised and 77 percent of them are located in North America). It’s annual sales volume is over $2.06+ Billion
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,243 SF
Building Class
B
Year Built
1969
Price
$3,122,572 CAD
Price Per SF
$1,392.14 CAD
Cap Rate
6%
NOI
$187,354 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.42 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Wendy's began in 1969 when Dave Thomas opened the first location in Columbus, Ohio. The chain became known for its square hamburger patties and signature Frosty desserts. Over time, Wendy's expanded internationally through franchising. Today, the restaurant operates thousands of locations worldwide while maintaining its focus on quick-service fast food. Wendy's continues building its global presence through both company-owned and franchised restaurant models.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 041O-A-026.00 | Improvements Assessment | $427,880 CAD |
| Land Assessment | $64,071 CAD | Total Assessment | $491,951 CAD |
Property Taxes
Parcel Number
041O-A-026.00
Land Assessment
$64,071 CAD
Improvements Assessment
$427,880 CAD
Total Assessment
$491,951 CAD
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19689 Alberta St
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