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    903 New Highway 68 Sweetwater, TN 37874

    Sponsored
    For Sale
    $2,272,727

    High-return Wendy's investment. Strong tenant.

    Property size:
    2,243 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a brand-new, 2023-built Wendy's restaurant located at 903 New Hwy 68, Sweetwater, TN 37874. The property boasts a 2,243 square-foot building on a 0.9-acre lot, operating under a 20-year absolute NNN lease commencing October 31, 2023, and expiring October 30, 2043. The lease includes four 5-year options and attractive 7.5% rent bumps every five years. The current asking price is $2,272,727, representing a 5.50% cap rate and a price per square foot of $1,013.25. The property enjoys 100% occupancy and generates a net operating income (NOI) of $125,000. This single-tenant, fee-simple ownership offers a secure, passive income stream. The location benefits from high traffic counts exceeding 20,000 vehicles per day, proximity to Ingles Market and Rural King, and a strong surrounding demographic with numerous apartment complexes and nearby colleges and universities including Cleveland State Community College, Tennessee Wesleyan University, and Roane State Community College. Furthermore, the property is conveniently located near Athens Regional Medical Center and Starr Regional Medical Center. The Wendy's operator manages over 90 units. This is a rare opportunity to acquire a high-performing asset in a thriving community.

    Property Features for 903 New Highway 68

    General Information

    Property type
    Restaurants
    Square Feet
    2,243 SF
    Lot Size
    39,204 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Brand new 2023‑built Wendy's restaurant with drive‑thru.
    • 20‑year absolute NNN lease with four 5‑year options and 7.5% rent increases every five years.
    • Strong operator with 90+ units.
    • Located at 903 New Hwy 68, Sweetwater, TN, in a high‑traffic area exceeding 20,000 vehicles daily.
    • Excellent location near Ingles Market, Rural King, and Dollar Tree, with strong demographics including nearby colleges and hospitals.
    Property Profile Location Intelligence

    Current Use by Public Records

    BB&T Bank ATM (BB&T) Atm Wendy's Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sweetwater
    County
    Monroe
    State
    Tennessee
    Longitude
    -84.4745012
    Latitude
    35.590604

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    FAQs

    What type of property is this?
    Restaurant - High-return Wendy's investment. Strong tenant.
    Where is this restaurant located?
    The property is located at 903 New Highway 68 Sweetwater, TN.
    What is the asking price?
    The asking price for this property is $2,272,727.
    What are key features of this property?
    This property features: Brand new 2023-built Wendy's restaurant with drive-thru.; 20-year absolute NNN lease with four 5-year options and 7.5% rent increases every five years.; Strong operator with 90+ units.
    Request Owner's contact information
    903 New Highway 68 Sweetwater, TN 37874
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    Sweetwater, TN 37874
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    903 New Highway 68 Sweetwater, TN 37874
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