306 NC Highway 55 W - Fast Food FOR SALE


Mount Olive, NC 28365
$2,086,957 USD
914-403-7574
306 NC Highway 55 W, Mount Olive, NC for Sale
$2,086,957 USD
Fast Food - FOR SALE
1/3
null | 5.75% Cap Rate

306 NC Highway 55 W
Mount Olive, NC 28365


HIGHLIGHTS

  • Strong Franchisee Guarantee from Delight Restaurant Group
  • Outparcel to Walmart Supercenter
  • Ideal Demographics
  • High-Visibility Frontage on Major Roadways

OVERVIEW

Surmount is pleased to present the exclusive listing for a Wendy's located at 306 North Carolina 55 , Mount Olive, NC 28365. The site consists of roughly 3,432 rentable square feet of building space on an estimated .77-acre parcel of land. Wendy's is subject to a 15-year Triple Net (NNN) lease which will commence upon close of escrow . The annual rent will be $120,000 and has scheduled increases of 10% Every 5 Years.

FOR SALE DETAILS

PRICE

$2,086,957 USD

PRICE/SF

$794 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

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

Commercial

APN/PARCEL ID

2573733487

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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