224 Dexter L. Wood Memorial - Fast Food FOR SALE


Waynesboro, TN 38485
$2,024,000 USD
510-289-1166
224 Dexter L. Wood Memorial, Waynesboro, TN for Sale
$2,024,000 USD
Fast Food - FOR SALE
1/1
null | 6% Cap Rate

224 Dexter L. Wood Memorial
Waynesboro, TN 38485


HIGHLIGHTS

  • NNN Leases to Established Sonic Franchisee with Approximately 10 Years Remaining
  • Strong Store Sales with Percentage Rent Included – Low Rent to Sales Ratios
  • Personal Guaranty from Experienced Operator with 32 Units
  • Sonic is the Largest Drive-In Restaurant Brand in the U.S. with Over 3,500 Locations in 45 States
  • No State Income Tax in Tennessee

OVERVIEW

Sonic Drive-In is on a one-acre site located on Dexter L Woods Memorial Boulevard (9,980 AADT) at the busy intersection of U.S. Highway 64, just half mile from the downtown Court Square. The average household income is over $60,000 within a one-mile radius. Adjacent to the site is Wayne Medical Center, part of Maury Regional Health. It is a 25-bed community hospital offering a range of comprehensive inpatient and outpatient services as well as a 24-hour emergency department. Additional nearby retailers include McDonald’s, Piggly Wiggly, Tractor Supply, O’Reilly Auto Parts, and Dollar General. Other businesses in Waynesboro include Ace Hardware, FedEx, H&R Block, Subway, and U-Haul. Waynesboro, Tennessee is just 85 miles from Nashville and is the county seat of Wayne County. Wayne County lies on the southwestern edge of Middle Tennessee, with the Natchez Trace Parkway, Buffalo River, and Tennessee River as prominent features. Tennessee State Hwy 13 and Scenic Highway 64 meet at Waynesboro Court Square. The city of Waynesboro offers its own unique lifestyle, offering boundless opportunities for outdoor adventure, including fishing, hunting, boating and golfing. Regional and international airports include Northwest Alabama Regional Airport, 40 miles south, and Nashville International Airport, two hours northeast. Several national corporations have chosen Wayne County, in the heart of Tennessee’s forest country, as the location for their lumber, woodwork and agribusiness operations. Other major industry sectors include automotive, textiles, manufacturing, and distilling-related businesses. Brown-Forman Corporation, one of the largest American-owned wine and spirits businesses, sells its brands in more than 160 countries and makes its own oak barrels. 4 Mac Machine provides services to big brands such as Nissan, Goodrich, Kohler and Delta. Hassell & Hughes Lumber is the largest locally owned and operated lumber company in Wayne County. This property is listed in conjunction with Tennessee-licensed real estate broker Kabat Real Estate Solutions.

FOR SALE DETAILS

PRICE

$2,024,000 USD

PRICE/SF

$1,590 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

077C-A-019.01

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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