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Wendy's (Dark) - Abs NNN Lease 1045 28th Ave N 2,656 SF Retail Building Nashville, TN 37208 $1,573,000 ($592.24/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 13+ Years Remaining on Absolute Triple-Net (NNN) Lease with Wendy's
- Prime Redevelopment Opportunity
- Signalized Hard Corner Location, Easily Accessible by ±30,000 Cars per Day via 28th Avenue N and Jefferson Street
- 2,656-SF Building with a Drive-Thru on a 0.49-Acre Lot - Remodeled in 2018
- Situated at the Entrance to Tennessee State University (±5,400 Students)
- Average Household Income Exceeds $110,000 in the Surrounding Area
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,656 SF
Building Class
C
Year Built/Renovated
1986/2018
Price
$1,573,000
Price Per SF
$592.24
Cap Rate
7%
NOI
$110,127
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.49 AC
Opportunity Zone
Yes
Zoning
3
Frontage
39’ on 28th Ave
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 092-02-0-025 | Improvements Assessment | $743,480 |
| Land Assessment | $257,400 | Total Assessment | $1,000,880 |
PROPERTY TAXES
Parcel Number
092-02-0-025
Land Assessment
$257,400
Improvements Assessment
$743,480
Total Assessment
$1,000,880
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Wendy's (Dark) - Abs NNN Lease | 1045 28th Ave N
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