1501 Broad St Tazewell, TN 37879-4353

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.