Property Details

Wendy’s

Kingsport, TN
Property ID: 2232

    Financial Summary

    Asking Price $1,747,374
    Cap Rate 5.50%
    Net Operating Income (NOI) $96,106
    Lease Type NNN
    Lease Term Remaining 20 Years
    The Offering Memorandum for this property is no longer available.

    Contact

    Sheree Strome, CCIM
    Director
    404.900.5629
    Keelee Peterson
    Director
    404.492.9469

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    Highlights

    • Newly remodeled
    • New 20 year lease w/ 12% increases every 5 years
    • Absolute NNN lease, no landlord responsibilities
    • Established location, experienced Wendy's operator with 20+ locations

    Net Lease Advisor

    For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

    Location

    1001 Flagship Drive
    Kingsport, TN

    Traci BidingerWendy’s