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Wendy's Drive-Through Restaurant
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1501 N Broad St, Tazewell, TN 37879

Built in 2022 and subject to a 20-year absolute NNN lease with scheduled rent increases.

Property SizeContact for details
Days on Market144

Property Features for 1501 N Broad St

General Information

Standard status Active
Property subtype Retail
Listing Agency: Marcus & Millichap - Issenberg Britti Group
Listed By: Gabriel Britti · License #FL SL3211804
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 12:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Issenberg Britti Group

Investment Insights

Based on property information with market context.

This Wendy’s restaurant includes a drive-through and was constructed in 2022. The property is leased under a 20-year absolute NNN structure, with 7.5% rent increases occurring every 5 years. It is located at 1501 N Broad Street in Tazewell, Tennessee.

The site is a 47-minute drive from Knoxville and sits near Walters State Community College, which has more than 5,742 enrolled students, as well as New Tazewell Municipal Airport. Surrounding residential density includes The Peaks of Tazewell Apartments, a two-story property with 56 rented units, and Cedar Ridge Apartments, which has 50 rented units.

Additional nearby commercial and institutional destinations include Rockwood Shopping Center, Fresh & Low Grocery, Rite Aid, Family Dollar, Advance Auto Parts, the U.S. Post Office, Claiborne County Hospital Rehabilitation Center, and The Claiborne Medical Center. The rehabilitation center has 100 beds, while the medical center has 85 beds.

Key Highlights

  • Wendy’s restaurant with drive‑through at 1501 N Broad St, Tazewell, TN 37879
  • 2022 construction
  • 20‑year absolute NNN lease

Property Analytics

Current Use

Wendy's Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Real Estate Agency Big Box & Wholesale Store Dental Office Building Supply Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

368
Businesses Nearby
116k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 75% Groceries 21% Home Improvements & Furnishings 4%
McDonald's Dining
29,427 visits/mo 0.3 miles
Food City Groceries
24,251 visits/mo 0.2 miles
Hardee's Dining
14,519 visits/mo 0.4 miles
Wendy's Dining
13,928 visits/mo 0.1 miles
Taco Bell Dining
11,782 visits/mo 0.2 miles

Demographics for 37879, TN

10,490
Population
5,534
Households
1.9
Avg Household Size
44
Median Age
13%
College-Educated
79%
High-School Grad
175.2 sq mi
ZIP Area
60
Density / Sq Mi
$42,848
Median Household Income
$36,718
Median Earnings
$749
Median Rent
$136,200
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - Built in 2022 and subject to a 20-year absolute NNN lease with scheduled rent increases.
Where is this drive through restaurant located?
The property is located at 1501 N Broad St Tazewell, TN.
What are key features of this property?
This property features: Wendy’s restaurant with drive‑through at 1501 N Broad St, Tazewell, TN 37879; 2022 construction; 20‑year absolute NNN lease
(786) 522-7017 Call to check price and availability
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