Wendy's | 1735 Decherd Blvd
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Wendy's 1735 Decherd Blvd
2,685 SF Retail Building Decherd, TN 37324 $1,767,659 CAD ($658 CAD/SF) 5% Cap Rate
Investment Highlights
- Long Term Lease | 14+ Years Remaining on the Lease
- Absolute NNN Lease | Zero landlord responsibilities whatsoever
- Rental Increases | 10% Rental Increases Every 5 Years, providing a strong hedge against inflation
- Commuter Route Frontage | Property boasts frontage on Decherd Blvd which see 20,000+ VPD
- Ease of Circulation | Wendy’s benefits from being situated on an oversized 1.9 ACRE lot with ample parking and a drive-thru
- Tennessee is an Income-Tax Free State
Executive Summary
CBRE is pleased to present a Wendy’s for sale located at 1735 Decherd Blvd in Decherd, TN. The property includes a 2,685 SF building on a 1.90-acre parcel. This site benefits from being located on Decherd Blvd, which sees 20,000+ vehicles per day. The property is located in Franklin County, which is home to 44,000 people. The property is surrounded by national retailers such as including Kroger, Walgreens, McDonald’s, Hardee’s, Dollar Tree, Tractor Supply, and many more.
The Lease is backed by Vestco Inc., and operates under an Absolute NNN Lease with zero landlord responsibilities. There are just under 15 years remaining with 10% rent increases every 5 years and four 5-year renewal options. Vestco Inc. is a franchise of Wendy’s International, Inc. and is locally owned and operated. Beginning in 1996, the first restaurant was opened in Lexington, TN. Vestco is a growing company with plans to open more restaurants around and across the state.
The Lease is backed by Vestco Inc., and operates under an Absolute NNN Lease with zero landlord responsibilities. There are just under 15 years remaining with 10% rent increases every 5 years and four 5-year renewal options. Vestco Inc. is a franchise of Wendy’s International, Inc. and is locally owned and operated. Beginning in 1996, the first restaurant was opened in Lexington, TN. Vestco is a growing company with plans to open more restaurants around and across the state.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,685 SF
Building Class
B
Year Built/Renovated
1985/2019
Price
$1,767,659 CAD
Price Per SF
$658 CAD
Cap Rate
5%
NOI
$88,383 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.90 AC
Parking
39 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
193 ft on Decherd Boulevard 1754/17
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 065D-B-001.05 | Improvements Assessment | $193,404 CAD |
| Land Assessment | $176,876 CAD | Total Assessment | $370,280 CAD |
PROPERTY TAXES
Parcel Number
065D-B-001.05
Land Assessment
$176,876 CAD
Improvements Assessment
$193,404 CAD
Total Assessment
$370,280 CAD
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Wendy's | 1735 Decherd Blvd
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