Johnson City, TN 37604

Wendy's

Property Address

3201 Peoples Street, Johnson City, TN, USA

Offering Summary

  • Price: $2,653,000
  • Lot Size: 1.85 Acres
  • Cap Rate: 4.90%
  • Year Built: 2010/2020
  • Building SF: 3,120
  • Status: Available
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  • Central Location in Johnson City MSA
  • Over 26 Years Remaining on Absolute Triple-Net (NNN) Lease
  • 7.5% Percent Rental Increases Every Five Years Throughout the Lease Term and in Option Periods
  • Located Along Peoples St, Immediately Connected to N State of Franklin Rd and I-26 / U.S. Rte 23 / James H Quillen Pkwy (184,086 Combined Cars per Day)
  • 10 Minutes from East Tennessee State University (15,250 Students Annually)
  • 158,787 Residents within Ten-Mile Radius
  • Close Proximity to Major Retail Centers: Johnson City Crossing and The Mall at Johnson City
  • Highly Accessible Location Directly off Interstate 26 / U.S. Route 23
  • Average Household Income Exceeds $105,000 in Immediate Area

Broker Information