Share this listing
Pre-formatted captions, a short link, and a QR code — ready to paste.
Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…
3201 Peoples St
Johnson City, TN 37604
Asking Price
$2.54M
Cap Rate
5.5%
Asset Type
QSR/Fast Food Retail
Class
Class B
What's Special
24 Years Remaining | Absolute NNN | Minutes From University <ul><li>Long-Term Absolute NNN Lease – The property is secured by an Absolute Triple-Net (NNN) lease, providing passive ownership.</li><li>24+ Years of Remaining Term – The lease extends through December 31, 2050, delivering durable, long-term income stability.</li><li>Institutional Scale Franchisee – Recently assigned to a 140+ unit Wendy's operator with over $300M in system-wide revenue, representing a significant upgrade in tenant credit and operational scale.</li><li>High Foot Traffic -
Free Valuation Calculator
No login requiredRun the numbers on this deal. All calculations are estimates — verify with your lender and accountant.
NOI
$80,000
Cap Rate
3.15%
DSCR
0.53
Underwater
Cash-on-Cash
-9.29%
Monthly Payment
$12,571.031
Annual Cash Flow
$-70,852.376
