117 Tobacco Dr - Fast Food FOR SALE


Wallace, NC 28466
$2,941,890 USD
312-600-6368
117 Tobacco Dr, Wallace, NC for Sale
$2,941,890 USD
Fast Food - FOR SALE
1/1
null | 5.5% Cap Rate

117 Tobacco Dr
Wallace, NC 28466


HIGHLIGHTS

  • 20-year absolute net lease – no landlord responsibility
  • Operator is large franchisee – 127 units
  • Property has 2.75 EBITDAR Coverage YTD through August 2024

OVERVIEW

Vestian has been retained by ownership as the exclusive advisors to offer for sale the Wendy’s restaurants (The “Property”) located at 117 Tobacco Drive, Wallace, NC. The Property is subject to a 20-year absolute net lease expiring on December 31st, 2034. The operator of the unit is Carolina Restaurant Group (CRG). CRG operates 127 Wendy’s units mainly in North and South Carolina

FOR SALE DETAILS

PRICE

$2,941,890 USD

PRICE/SF

$1,236 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

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,657 SF

ZONING

-

APN/PARCEL ID

09-779-2-7

ASK ABOUT THIS PROPERTY

Michael MorgretVestianMore Info
312-600-6368

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Michael MorgretVestianMore Info
312-600-6368

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