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- LoopNet Team
807 S Cumberland St
Lebanon, TN 37087
Wendy's · Retail Property For Sale
Investment Highlights
- 20-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Four (4) Tenant Renewal Periods of Five (5) Years Each
- Less than Two Miles from the Wilson County Fairgrounds
- Attractive Rental Increases | 10.00% Every Five (5) Years
- Strong Traffic Counts | Interstate-40 & South Cumberland Street Average 71,600 and 23,900 Vehicles Per Day Respectively
- WBG is Currently Among the Top 15 Franchisees within the Wendy’s System in Terms of Locations
PROPERTY FACTS
Amenities
- Pylon Sign
- Drive Thru
About 807 S Cumberland St , Lebanon, TN 37087
The subject property is situated along South Cumberland Street, which directly intersects with Interstate-40. South Cumberland Street boasts average daily traffic counts of approximately 23,900 vehicles. Interstate-40 brings an additional 71,600 vehicles into the immediate area on average daily. There are 35,925 individuals residing within a five-mile radius of the property and 66,825 individuals within a ten-mile radius. The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, as well as hospitality accommodations all within close proximity of this property. Major national tenants include: Walmart, Lowe’s, Walgreens, Aldi, Burkes Outlet, Boot Barn, Dollar Tree, Chick-fil-A, McDonald's, Cook Out, Taco Bell and several other quick service restaurants. Additionally, several hospitality accommodations are within immediate proximity to the subject investment property. These include: Holiday Inn Express, Days Inn, Comfort Inn, Quality Inn, LaQuinta Inn & Suites, Ramada, EconoLodge, My Place, Travel Inn, Knights Inn and more. This property also benefits from being situated within close proximity to the Lebanon Outlet Marketplace. This 37-store premium outlet center offers shopping for many of the top recognizable brands and is a large attraction to the area. Cumberland University, is conveniently located less than two miles away from the subject property and is home to more than 1,500 students. Lebanon is the county seat of Wilson County, the second fastest growing county in the state of Tennessee. It is located in Middle Tennessee, approximately 30-miles east of downtown Nashville and is part of the Nashville Metropolitan Statistical Area. Lebanon is host to the annual Wilson County Fair, which is considered by Busy Bee Trader Magazine to be the best County Fair in Tennessee. The fair has also been named as one of the top events to attend by Southeastern Tourism and voted the "Best Fair" by the Middle Tennessee Electric Membership Corporation. It has paid attendance more than double that of the Tennessee State Fair. Cracker Barrel was founded in Lebanon by Dan Evins in 1969 and is home to its corporate headquarters. The Lebanon Special School District encompasses four elementary schools and two middle schools. Wilson County Schools operates several additional primary and secondary schools in and around Lebanon, including Wilson Central High School and the newly reconstructed Lebanon High School. Lebanon also has two private schools, Friendship Christian School and McClain Christian Academy. Lebanon is also home to Cumberland University, which was founded in 1842. The university has a rich heritage and has produced over eighty Congressmen and Senators such as Albert Gore, Sr. and Thomas Gore.
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PROPERTY TAXES
Parcel Number | 081-040.01 | Improvements Assessment | $199,560 |
Land Assessment | $157,520 | Total Assessment | $357,080 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 17271855
Date on Market: 9/23/2019
Last Updated:
Address: 807 S Cumberland St, Lebanon, TN 37087
The Retail Property at 807 S Cumberland St, Lebanon, TN 37087 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.