1 of 4

2 of 4

3 of 4

4 of 4

•  Media
• Map
• Street View

415 Broad St
Elizabethton, TN 37643

$2,356,000 USD

General Retail For Sale  •  2,376 SF

Property Details

• Property Type General Retail
• Total Building Size 2,431 SF
• Lot Size 0.79 AC
• Building Class B
• Year Built 1991
• Cap Rate 6.00 %
• Tenancy Single

50 Walk Score

Highlights

Ranks in the 86th percentile of all Wendy's locations nationwide

25,220 VPD on primary retail corridor near Walmart, Lowe's, and Chick-fil-A

~15 years remaining lease term through August 2041 with 8% rent increases every 5 years

Absolute NNN lease with no landlord responsibilities, guaranteed by M&J Restaurants, Inc.

Comprehensive renovation completed in 2018 with limited near-term capital requirements

Located near ETSU's 14,000 students and Cherokee National Forest's 2M+ annual visitors

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Wendy's

Public Transportation

Airport	Drive	Walk	Distance
Tri-Cities	35 min	-	24.3 mi