2419 W Franklin Blvd - Fast Food FOR SALE


Gastonia, NC 28052
$2,981,000 USD
818-632-9542
2419 W Franklin Blvd, Gastonia, NC for Sale
$2,981,000 USD
Fast Food - FOR SALE
1/3
null | 5.75% Cap Rate

2419 W Franklin Blvd
Gastonia, NC 28052


HIGHLIGHTS

  • Strong Franchisee Backing
  • Compounding Inflation Hedge – 2% Annual Increases
  • Excellent Visibility & Access
  • Dense and Growing Trade Area

OVERVIEW

Surmount is pleased to present the exclusive listing for a Wendy's located at 2419 West Franklin Boulevard, Gastonia, NC 28052. The site consists of roughly 2,984 rentable square feet of building space on an estimated 1.33-acre parcel of land. Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 1/1/2021. The current annual rent is $171,409 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$2,981,000 USD

PRICE/SF

$994 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

REST1

APN/PARCEL ID

106772

ASK ABOUT THIS PROPERTY

Armond AivazyanSurmountMore Info
818-632-9542

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Armond AivazyanSurmountMore Info
818-632-9542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.