Newly remodeled Wendy's located on N. Jefferies Boulevard in Walterboro, the county seat of Colleton County. The site benefits from roughly 16,900 vehicles per day, a position across from the city and county government complex, and established national co-tenants including McDonald's, Hardee's, Belk and Tractor Supply.
The property is held on an absolute NNN lease with 20 years of term remaining through April 2046, followed by three five-year renewal options and no landlord responsibilities. Rent increases 1.5% annually, rising from $160,977 to $213,609 over the term. The lease is guaranteed by Carolina Restaurant Group, a 115-unit Wendy's franchisee.
The building was fully remodeled in 2025, and the unit has maintained 3.0x EBITDAR-to-rent coverage since the remodel.