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415 Broad St
Elizabethton, TN 37643
Retail Property For Sale
Investment Highlights
- Ranks in the 86th percentile of all Wendy's locations nationwide
- ~15 years remaining lease term through August 2041 with 8% rent increases every 5 years
- Comprehensive renovation completed in 2018 with limited near-term capital requirements
- 25,220 VPD on primary retail corridor near Walmart, Lowe's, and Chick-fil-A
- Absolute NNN lease with no landlord responsibilities, guaranteed by M&J Restaurants, Inc.
- Located near ETSU's 14,000 students and Cherokee National Forest's 2M+ annual visitors
Executive Summary
Broker Of Record
Hutt Cooke
Matthews Real Estate Investment Services, Inc
356505, 263667 (TN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Hutt Cooke
Matthews Real Estate Investment Services, Inc
356505, 263667 (TN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
2,431 SF
Building Class
B
Year Built/Renovated
1991/2018
Price
$3,347,664 CAD
Price Per SF
$1,377.07 CAD
Cap Rate
6%
NOI
$200,871 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.79 AC
Frontage
125’ on Broad St
Property Taxes
| Parcel Number | 041B-F-012.00 | Improvements Assessment | $193,187 CAD |
| Land Assessment | $204,782 CAD | Total Assessment | $397,968 CAD |
Property Taxes
Parcel Number
041B-F-012.00
Land Assessment
$204,782 CAD
Improvements Assessment
$193,187 CAD
Total Assessment
$397,968 CAD
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