949 N Wesleyan Blvd - Fast Food FOR SALE


Rocky Mount, NC 27804
$4,062,752 USD
786-522-7013
949 N Wesleyan Blvd, Rocky Mount, NC for Sale
$4,062,752 USD
Fast Food - FOR SALE
1/8
null | 6.25% Cap Rate

949 N Wesleyan Blvd
Rocky Mount, NC 27804


HIGHLIGHTS

  • Established Wendy’s Location with more than 9+ Years Remaining on the Original 20 Year Lease
  • Top 9% in performance in the Entire Wendy’s Chain as per Placer.AI
  • Strong 10% Increases in Rent Every 5 Years During the Base Term and the Options
  • Hard Corner Signalized Intersection – Large .96 Acre Lot
  • Absolute NNN Lease – No Landlord Responsibilities

OVERVIEW

Marcus & Millichap is pleased to present for sale this absolute net leased Wendy’s Restaurant with Drive Thru located at 949 North Wesleyan Boulevard in Rocky Mount, North Carolina. The subject property consists of a 3,138 square foot restaurant, with drive up window and ample parking on a large 0.95-acre parcel of land and is strategically located at the signalized intersection of North Wesleyan Boulevard and Sutter’s Creek Boulevard, with a combined daily traffic count exceeding 36,000 vehicles per day. The property benefits from close to more than 58,000 full-time residences with a household income exceeding $74,000 annually. As per Placer.AI this Wendy’s is in the top 9 percent of the Entire Wendy’s Chain and Top 5 percent in the State of North Carolina. There are currently over 9 years remaining on the original 20 Year lease with 10 percent increases every five years, including the four five-year option periods. There are numerous National and Regional retailers in the immediate area including Target, Starbucks, Walmart, Red Lobster, McDonalds, Toyota, Lidl, Golden Corral, Big Lots, Rainbow, Joann, Subway, Verizon and Tractor Supply Co. among others. Wendy’s was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise “Quality is our Recipe.” Today Wendy’s Company is the world’s third largest quick-service hamburger, and its franchisees employ thousands of people across 7,000 restaurants worldwide and annual revenue exceeds $2.2B. Wendy’s is best known for made-to-order square hamburgers using fresh and never frozen beef, freshly prepared salads, chili, baked potatoes and the Frosty Dessert

FOR SALE DETAILS

PRICE

$4,062,752 USD

PRICE/SF

$1,295 USD /SF

CAP RATE

6.25%

% 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

1999

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

B2

APN/PARCEL ID

3850-05-19-8719

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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