Wendy's

Investment Overview

This offering features a 2,587-square-foot, drive-thru Wendy’s on a nearly half-acre corner lot at the signalized intersection of Gallatin Pike and Thomas Avenue in Nashville’s Inglewood neighborhood. Wendy’s has operated continuously at the site since 2002, and the tenant recently extended its freestanding absolute NNN lease 20 years through 2046 and completed a full remodel to the brand’s current prototype. The Nashville MSA added more than 136,000 residents from 2020 to 2024, a 6.4% increase, more than double the national rate, and Gallatin Pike is undergoing a safety and street-scape project along the corridor, including the property’s frontage, with completion expected in May 2027.

Investment Highlights

• Newly executed 20-year lease extension, signed July 2026, runs through 2046 with 10% rent increases every 5 years
• Freestanding absolute NNN lease with zero landlord maintenance or expense responsibilities
• Favorable zoning and redevelopment potential: Ownership holds a purchase option for the adjacent parcel creating a pathway to a potential residential and mixed use development
• Two, 5-year automatic renewal options extend lease runway well beyond 2046, renewing automatically unless the tenant gives 210 days’ written notice
• Well suited for 1031 exchange buyers and passive capital seeking minimal management responsibility
• Wendy’s has operated continuously at this location since 2002, nearly 25 years on site
• Tenant recently completed a full interior and exterior remodel to Wendy’s current restaurant prototype
• Operated by Wendy’s of Bowling Green Inc. (~135 units), under the Wendy’s brand, a globally recognized quick-service concept with more than 7,100 restaurants system-wide
• Situated at a signalized corner of Gallatin Pike and Thomas Avenue in the Inglewood neighborhood of East Nashville
• The Nashville MSA added more than 136,000 residents from 2020 to 2024, a 6.4% increase, more than double the national growth rate (per the U.S. Census)
• Median household income in Davidson County grew to $77,853 in 2024 (per the U.S. Census), up 2.89% year-over-year
• A corridor-wide street-scape and safety improvement project is underway along Gallatin Pike at the property’s frontage, with completion expected in 2027