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Wendy's 925 25th St NW 2,326 SF Retail Building Cleveland, TN 37311 $2,190,476 ($941.74/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Zero Landlord Responsibility
- Located at the Corner of A Signalized Intersection | Exposure to More Than 28,800 Vehicles Per Day
- Attractive Rent Increases Every Five Years
- Strong Wendy’s Operator | 76 Units
- Full Image Activation Remodel to Be Completed By 2025 | Commitment to Site
- Tennessee Is a No Income Tax State
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present for sale this Absolute NNN Wendy’s located at 925 25th Street NW, Cleveland, Tennessee. The subject property consists of a Free Standing 2,326 square foot restaurant with a drive-thru window and ample parking on a .59 Acre Parcel of land.
Strategically situated at the Hard Corner Signalized Intersection of 25th Street NW and Peerless Rd NW, the property benefits from great visibility and daily traffic counts in excess of 28,800 vehicles per day. The Immediate trade area is home to more than 43,356 full time residents with an average household income exceeding $72,528 annually. Directly off Interstate 75, the Subject Property is also within proximity to the Mars Chocolate North America Factory (M&M, Twix, Milky Way) and the Life Care Centers of America HQ, which employs over 40,000 people. This Wendy’s is in the vicinity of National Retailers such as Big Lots, KFC, Papa Johns, Arby’s, Tractor Supply, Taco Bell, and many others.
This location is operated by Southeast Food Services Company LLC - 42 Unit Operating Company. Wendy’s has been operating this location for over 15 years and at the tenant’s expense, must undergo a full remodel of the restaurant by November 2025.
Wendy’s, founded by Dave Thomas in 1969, is one of the most recognized quick-service restaurant (QSR) brands in the world. Known for its fresh, never frozen beef, made-to-order square hamburgers, and signature menu items such as the Frosty dessert, Wendy’s has grown to over 7,000 locations worldwide, generating annual revenue in excess of $2.2 billion.
Strategically situated at the Hard Corner Signalized Intersection of 25th Street NW and Peerless Rd NW, the property benefits from great visibility and daily traffic counts in excess of 28,800 vehicles per day. The Immediate trade area is home to more than 43,356 full time residents with an average household income exceeding $72,528 annually. Directly off Interstate 75, the Subject Property is also within proximity to the Mars Chocolate North America Factory (M&M, Twix, Milky Way) and the Life Care Centers of America HQ, which employs over 40,000 people. This Wendy’s is in the vicinity of National Retailers such as Big Lots, KFC, Papa Johns, Arby’s, Tractor Supply, Taco Bell, and many others.
This location is operated by Southeast Food Services Company LLC - 42 Unit Operating Company. Wendy’s has been operating this location for over 15 years and at the tenant’s expense, must undergo a full remodel of the restaurant by November 2025.
Wendy’s, founded by Dave Thomas in 1969, is one of the most recognized quick-service restaurant (QSR) brands in the world. Known for its fresh, never frozen beef, made-to-order square hamburgers, and signature menu items such as the Frosty dessert, Wendy’s has grown to over 7,000 locations worldwide, generating annual revenue in excess of $2.2 billion.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,326 SF
Building Class
B
Year Built/Renovated
1976/2022
Price
$2,190,476
Price Per SF
$941.74
Cap Rate
5.25%
NOI
$115,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.59 AC
Zoning
CH
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 041M-K-001.01 | Improvements Assessment | $142,720 |
| Land Assessment | $116,360 | Total Assessment | $259,080 |
PROPERTY TAXES
Parcel Number
041M-K-001.01
Land Assessment
$116,360
Improvements Assessment
$142,720
Total Assessment
$259,080
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Wendy's | 925 25th St NW
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