400 Old Franklin Tpke - Fast Food FOR SALE
Rocky Mount, VA 24151 |
$2,352,988 USD
914-403-7574
400 Old Franklin Tpke
Rocky Mount, VA 24151
HIGHLIGHTS
- Outparcel to Kroger The subject property is an outparcel to a large Kroger, which draws more than 787K visits annually (According to Placer AI)
- Excellent Visibility of Major Corridor The site sits directly off of Old Franklin Turnpike, a heavily traveled retail artery
- Surrounded by Premier Retail & Essential Services
OVERVIEW
Surmount is pleased to present the exclusive listing for a Wendy's located at 400 Old Franklin Turnpike STE 125, Rocky Mount, VA 24151. The site consists of roughly 2,695 rentable square feet of building space on an estimated 1.28-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 9/4/2025. The current annual rent is $129,414 and has scheduled increases of 2.00% annually.
FOR SALE DETAILS
PRICE
$2,352,988 USD
PRICE/SF
$730 USD /SF
CAP RATE
5.5%
% 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
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.28 AC
LAND SF
55,757 SF
ZONING
GB
APN/PARCEL ID
2030007801
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914-403-7574
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914-403-7574
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