1646 S Highland Ave - Fast Food FOR SALE


Jackson, TN 38301
$2,116,285 USD
305-308-2635
1646 S Highland Ave, Jackson, TN for Sale
$2,116,285 USD
Fast Food - FOR SALE
1/7
null | 5.6% Cap Rate

1646 S Highland Ave
Jackson, TN 38301


HIGHLIGHTS

  • Long-Term NNN Lease 13 Years Remaining with Six, 5-Year Options
  • Backed By Meritage Hospitality Group, one of the largest Wendy's Franchisees with over 375 Restaurants
  • 1.25% Annual Rent Increases or Change in CPI (Lessor)

OVERVIEW

Marcus & Millichap is pleased to offer the opportunity to acquire a Wendy’s property consisting of 2,284 square feet on nearly one acre of land. The asset is secured by a long-term lease with 13 years remaining on the initial term. attractive 1.25% annual increases and six additional five-year renewal options. This is an absolute triple net lease with zero landlord responsibilities. Fronting the Main Commercial Corridor S. Highland Avenue which sees over 35,000 Vehicles Per Day.

FOR SALE DETAILS

PRICE

$2,116,285 USD

PRICE/SF

$927 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

B5

APN/PARCEL ID

109B-A-002.01

ASK ABOUT THIS PROPERTY

Debra FranklinMarcus & MillichapMore Info
305-308-2635

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Debra FranklinMarcus & MillichapMore Info
305-308-2635

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.