19689 Alberta St - Fast Food FOR SALE


Oneida, TN 37841
$2,250,000 USD
786-522-7013
19689 Alberta St, Oneida, TN for Sale
$2,250,000 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

19689 Alberta St
Oneida, TN 37841


HIGHLIGHTS

  • 2024 Construction Wendy’s Restaurant with Drive Thru.
  • 20 Year Absolute NNN Lease | No Landlord Responsibilities.
  • Attractive 7.5% Rent Increases Every 5 Years.
  • Strong Wendy’s Operators | 90+ Units.
  • Average Household Income Exceeds $50,113 in a Mile Radius.
  • Wendy’s Hamburger Restaurant Located Less Than One Mile from Big South Fork Medical Center.

OVERVIEW

Marcus & Millichap is pleased to present for sale this Wendy’s Hamburger Restaurant located at 19723 Alberta Street in Oneida, Tennessee. Oneida is a town in Scott County, Tennessee with a population of 3,787. Oneida is known for its proximity to the Big South Fork National River and Recreation 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

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$1,003 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

-

APN/PARCEL ID

041O-A-026.00

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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