INVESTMENT OFFERING
SAB Capital is pleased to present Wendy’s in Morristown, TN just 35 Miles northeast of Knoxville. The tenant currently has 27 years left in their absolute triple net (NNN) lease. The lease features 7.5% rent escalations every 5 years. The property is located on a signalized corner that sees over 14,000 vehicles per day. The operator currently has 18 units and is growing.
- Wendy’s in Morristown, TN | Located 35 Miles Northeast of Knoxville
- Zero Landlord Responsibilities | Triple Net (NNN) Lease Structure
- Structured Hedge Against Inflation | 7.5% Increases Every 5 Years
- Significant Lease Term Remaining | 27+ Years Left in Base Term
- Close Proximity to Interstate Highway | Located on U.S. Route 11E
- Highly Trafficked Location | 74th Percentile of Visits Among Wendy’s Locations Nationwide (placer.ai)
- National Retailers Located Nearby | Texas Roadhouse, Firehouse Subs, Walmart Supercenter, Wingstop, and Many More
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Wendy's | $2,975,000 | 5.00% | NNN | 2,320 | Available |
