The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Wendy\u2019s property located at 2575 Christmasville Cove in Jackson, Tennessee for $2,300,000.<\/p>\n
The 2,227 square foot net leased Wendy\u2019s 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\u2019s, Taco Bell, Sonic Drive-In, Cinema Planet, Dollar General, Pilot Travel Center, Starbucks, Arby\u2019s, 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.<\/p>\n
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Wendy’s\u00ae was founded in 1969 by Dave Thomas in Columbus, Ohio. Wendy\u2019s is best known for its made-to-order hamburgers. Using fresh, never frozen beef. Today, Wendy\u2019s and its franchisees employ hundreds of thousands of people. Across more than 6,700 restaurants worldwide with a vision of becoming the world\u2019s most thriving and beloved restaurant brand.<\/p>\n
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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.<\/p>\n
\u201cNet leased investors are surely still active in income tax free states like Tennessee.\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman, Partner of The Boulder Group, added, \u201cQSR assets, like this Wendy\u2019s, continue to attract private investors.\u201d<\/p>\n