Wendy’s

470 Gate City Highway - Bristol VA 24201

LTV (Loan to Value)	65.00%	Current NOI	$111,320.00
Interest Rate	4.250%	Capital Rate	6.000%
Fixed Term	10 Years	Land Area	+/- 0.474 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$1,205,966.45	Property Type	Retail
Payment	$6,533.18	Property Lease	Food Service
Bulding Size	0 SF	Remaining Terms	Approx. 16 Years

Location Description

NNN Lenders is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the commercial property located at 470 Gate City Highway in Bristol, Virginia (the “Property”). The Property is currently leased to Tri-Cities Restaurant Group and operated as a Wendy’s franchise location. It is adjacent to the Bristol Mall, just off of Interstate 81 at the Virginia-Tennessee state line.

Highlights

15+ Years Base Term Remaining with 2, 5-Year Options Recent 10-Year Lease Extension Signaling Strong Commitment to Location Absolute NNN…

Property Description

Bristol is an independent city in southwest Virginia, along the Tennessee and Virginia state line. As of the 2010 census, the population was 17,835, which represented a 2.7% increase since 2000. It is a principal city of the Kingsport-Bristol-Bristol, TN-VA Metropolitan Statistical Area, which is a component of the Johnson City-Kingsport-Bristol, TN-VA Combined Statistical Area, commonly referred to as the “Tri-Cities” region. These two areas had estimated populations of 305,629 and 500,538, respectively, in studies done just prior to 2010. Bristol, Virginia, is a twin city to Bristol, Tennessee, which lies just across the state line. Bristol, Tennessee had a population of 26,702 as of the 2010 census and is perhaps best known for being the site of the first commercial recordings of country music, as well as being home to Bristol Motor Speedway, a NASCAR track that hosts two races annually, drawing over 300,000 visitors.