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Wendy's 19689 Alberta St 2,243 SF Retail Building Oneida, TN 37841 $2,083,333 ($928.82/SF) 6% Cap Rate
Investment Highlights
- 2024 Construction Wendy’s Restaurant with Drive Thru.
- Attractive 7.5% Rent Increases Every 5 Years.
- Average Household Income Exceeds $50,113 in a Mile Radius.
- 20 Year Absolute NNN Lease | No Landlord Responsibilities.
- Strong Wendy’s Operators | 90+ Units.
- Wendy’s Hamburger Restaurant Located Less Than One Mile from Big South Fork Medical Center.
Executive Summary
Area. This area encompasses 125,000 acres of the Cumberland Plateau and it protects the free-flowing Big South Fork of the Cumberland River and its tributaries. This area attracts 800,000 visitors each year from all over for its scenic gorges and sandstone bluffs. The town is named for Oneida, New York which is the home of several railroad executives who helped to develop the town of Oneida in the 19th century.
Numerous apartment complexes surround this Wendy’s Restaurant Property including Westminster Place Apartments (107 Rented Units), Coopertown Apartments (50 Rented Units), Oak Park Apartments (40 Rented Units), Bear Creek Apartments (64 Rented Units), Winfield Apartments (39 Rented Units) West Haven Apartments, Heritage Hills Apartments, South Fork Apartments and Highlander Pointe Apartments.
Less than a mile from this property is Big South Fork Medical Center, a 25-bed hospital licensed by the State of Tennessee and offering quality healthcare services for Oneida and the surrounding areas.
Numerous colleges and universities are also located nearby this Wendy’s Hamburger Restaurant including Tennessee Colleges of Applied Technology (698 Enrolled Students) Roane State Community College (5,636 Enrolled Students) and Somerset Community College (6,410 Enrolled Students).
Wendy’s is an international fast food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio. The Wendy’s Company (NASDAQ:WEN) is the world’s third largest quick service hamburger company (following Burger King and McDonald’s). It includes more than 6,500 franchise and company restaurants in the United States and in 29 other countries and U.S. Territories worldwide. (5,457 restaurants are franchised and 77 percent of them are located in North America). It’s annual sales volume is over $2.06+ Billion
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Accommodation and Food Services
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- -
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Wendy's® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is Wendy's Recipe®,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty® dessert. The Wendy’s Company is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company’s support of the Dave Thomas Foundation for Adoption® and its signature Wendy’s Wonderful Kids® program, which seeks to find every child in the North American foster care system a loving, forever home. Today, Wendy’s and its franchisees employ hundreds of thousands of people worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Accommodation and Food Services | - | - | - |
Property Taxes
| Parcel Number | 041O-A-026.00 | Improvements Assessment | $307,200 |
| Land Assessment | $46,000 | Total Assessment | $353,200 |
Property Taxes
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Wendy's | 19689 Alberta St
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