Burger King
For sale303 West Main St., Waverly, TN 37185
Property type
Retail
Unit / Space count
1
Price
$2,000,000
Building size
3,492 sf
Rentable area
3,492 SF
Year built
Year renovated
Occupancy
Zoning code
CAP
6.00%
Price per Unit
$2,000,000
Price per SF
$572.74
Property description
Franklin Street is pleased to present the exclusive offering of a single-tenant, absolute triple-net (NNN) Burger King located along West Main Street (U.S. Route 70) in Waverly, Tennessee. Positioned along the city's primary commercial corridor, the property benefits from strong street frontage, direct access, and consistent traffic connecting residential neighborhoods to retail centers, schools, and regional employment drivers. The site features a purpose-built quick-service restaurant with drive-thru infrastructure designed to efficiently serve high daily traffic volumes and capture both local and pass-through demand. Waverly serves as the county seat of Humphreys County and functions as the primary hub for retail, healthcare, and government services across the region. As the dominant commercial node in the county, the West Main Street corridor anchors a trade area that extends well beyond the city limits, drawing residents from surrounding rural communities with limited access to national quick-service concepts. Founded in 1954, Burger King remains one of the most established quick-service restaurant brands in the world, known for its flame-grilled burgers and signature Whopper. The brand continues to evolve under experienced leadership, with a focus on modernized restaurant prototypes and drive-thru optimization. This location represents a compelling opportunity to acquire a stabilized, long-term net lease asset in a defensive, supply-constrained market positioned along a primary Middle Tennessee artery.
Property highlights
- Single-tenant, absolute triple-net (NNN) Burger King
- Prime Waverly location along U.S. Route 70, the city's dominant commercial corridor connecting Nashville and Memphis
- Positioned along West Main Street, the primary retail artery and only established quick-service corridor in Humphreys County
- Humphreys County trade area of approximately 19,000 residents, with Waverly serving as the sole county seat and commercial anchor
- Median household income of approximately $43,000–$60,000 within the broader area, supporting consistent quick-service demand
- Strategically positioned among regional retailers including Walmart and other daily-needs anchors along the West Main Street corridor
- Located approximately 75 miles west of Nashville and within easy access of I-40 via SR-13, benefiting from regional commuter and recreational pass-through traffic
- Supply-constrained market with limited national QSR competition and a captive consumer base dependent on West Main Street for daily-needs retail
- High-volume Burger King location with drive-thru sales comprising 65%–75% of total revenue in comparable locations