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Property profile & analytics

1501 Broad St Tazewell, TN 37879-4353

  • Drive through restaurants
  • 2,489 SF
  • 0.71 lot acres
OFF-MARKET
Last Sale
Nov 24, 2021
$420,000
Value Estimations
$340,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US80-1176572
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Wendy's / Fast Food Restaurant / Breakfast Restaurant

Property Details for 1501 Broad St

Year built
2023
Construction
WOOD
Lot size
0.71 lot acres
Property size
2,489 SF
Property type
Drive through restaurants
APN
096H A 01901
APU
096HA01901

Description

This exceptional investment opportunity features a brand-new, 2,500-square-foot Wendy's restaurant located at 1501 N Broad St, Tazewell, TN 37879. The property sits on a 0.75-acre lot and benefits from a 20-year absolute NNN lease with a strong franchisee tenant, commencing December 19, 2022, and expiring December 18, 2042. The lease includes a 7.5% rent increase every five years, providing significant long-term growth potential. The current asking price is $2,450,980, representing a 5.10% cap rate and a price per square foot of $980.39. The property boasts a 100% occupancy rate and a current NOI of $125,000. This prime location enjoys high visibility on a hard corner signalized intersection with traffic counts exceeding 20,000 vehicles per day. The surrounding area includes Walters State Community College (over 5,742 students), New Tazewell Municipal Airport, numerous apartment complexes (The Peaks of Tazewell and Cedar Ridge Apartments), and the Rockwood Shopping Center (anchored by Fresh & Low, Rite Aid, Family Dollar, and Advance Auto Parts). Proximity to Claiborne County Hospital and Claiborne Medical Center further enhances the property's desirability. This Wendy's, part of a globally recognized fast-food chain, represents a secure and profitable investment opportunity with substantial long-term returns. The building was constructed in 2022.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $340,000
    ML approach
    $390,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Tazewell
County
Claiborne
State
Tennessee
Longitude
-83.5733
Latitude
36.4475

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,326
$165,600
$196,400
$362,000
-
$414,000
$491,000
$905,000
More about this property
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