Net Leased Wendy’s Sold Date December 9, 2022
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Wendy’s property located at 2575 Christmasville Cove in Jackson, Tennessee for $2,300,000.
The 2,227 square foot net leased Wendy’s property is located just off Dr F E Wright Drive. The street hosts 17,986 vehicles per day and is within proximity to Interstate 40 (53,018 VPD). Retailers in the area include Food Giant, Dollar Tree, McDonald’s, Taco Bell, Sonic Drive-In, Cinema Planet, Dollar General, Pilot Travel Center, Starbucks, Arby’s, Burger King, and several others. There are also several office and industrial tenants that feed the nearby. Daily population including the FBI, C.H. Robinson, Toyota, and Delta Faucet. There are 76,152 people living within seven miles of the property earning an average household income of $69,897.
Wendy’s® was founded in 1969 by Dave Thomas in Columbus, Ohio. Wendy’s is best known for its made-to-order hamburgers. Using fresh, never frozen beef. Today, Wendy’s and its franchisees employ hundreds of thousands of people. Across more than 6,700 restaurants worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction, a southeast based real estate real estate investor. The buyer was in a 1031 exchange.
“Net leased investors are surely still active in income tax free states like Tennessee.” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “QSR assets, like this Wendy’s, continue to attract private investors.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net leased properties. Also the firm provides a full range of brokerage, advisory, and financing services nationwide. To a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $6 billion of single tenant net leased real estate transactions. From 2012-2021, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.comBack