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Wendy's 3201 Peoples St 3,120 SF Retail Building Johnson City, TN 37604 $3,644,334 CAD ($1,168.06 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Over 26 Years Remaining on Absolute Triple-Net (NNN) Lease
- Close Proximity to Major Retail Centers: Johnson City Crossing and The Mall at Johnson City
- Located Along Peoples St, Immediately Connected to N State of Franklin Rd and I-26 / U.S. Rte 23 / James H Quillen Pkwy (184,086 Combined Cars per Day
- Wendy's Long-term Franchisee
Executive Summary
Broker of Record
Hutt Cooke
License # 263667, 356505 (TN)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 263667, 356505 (TN)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,120 SF
Building Class
B
Year Built
2010
Price
$3,644,334 CAD
Price Per SF
$1,168.06 CAD
Cap Rate
5.25%
NOI
$191,328 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.85 AC
Zoning
CS - Commercial
Parking
48 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
397’ on Peoples St
Nearby Major Retailers
Property Taxes
| Parcel Number | 037F-B-012.00 | Improvements Assessment | $338,982 CAD |
| Land Assessment | $479,996 CAD | Total Assessment | $818,978 CAD |
Property Taxes
Parcel Number
037F-B-012.00
Land Assessment
$479,996 CAD
Improvements Assessment
$338,982 CAD
Total Assessment
$818,978 CAD
Contacts
-
Michael Tamir -
Kevin Puder -
Chad Kurz -
Matthews Real Estate Investment Services
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Wendy's | 3201 Peoples St
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