Wendy's

Long-Term Absolute NNN Lease – The property is secured by an Absolute Triple-Net (NNN) lease, providing passive ownership.
24+ Years of Remaining Term – The lease extends through December 31, 2050, delivering durable, long-term income stability.
Structured Rental Increases – Base rent increases 7.5% every five years throughout the initial term and across all four 5-year renewal options, ensuring consistent income growth and inflation protection.
Attractive In-Place Yield with Upside – Offered at a 5.25% cap rate on $139,750 NOI, the investment benefits from contractual rent escalations that drive yield above 7% during the initial term.
High-Traffic Retail Corridor – Strategically positioned just off I-26 / U.S. Route 23, the site benefits from more than 184,000 combined vehicles per day along surrounding roadways.
Prime Retail Location – Located 2 miles from The Mall at Johnson City, 4 miles from East Tennessee State University, and 3.5 miles from Johnson City Medical Center, the property is surrounded by strong retail, education, and healthcare drivers.
Strong Area Demographics – Average household income exceeds $104,801 within a 1-mile radius, supported by steady projected population growth.
Experienced Regional Operator – Operated by Tri-Cities Restaurant Group, LLC, an established franchisee with approximately 17 Wendy’s locations, serving as lease guarantor and providing seasoned operational expertise.
Modern Construction & Recent Renovation – Originally built in 2010 and renovated in 2020, the property offers modern improvements and limited near-term capital expenditure requirements.

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Hutt Cooke