949 N Wesleyan Blvd - Fast Food FOR SALE


Rocky Mount, NC 27804
$4,883,117 USD
786-522-7013
949 N Wesleyan Blvd, Rocky Mount, NC for Sale
$4,883,117 USD
Fast Food - FOR SALE
1/8
null | 5.2% 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, recently remodeled Wendy’s 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-acreparcel of land and is strategically located at the signalized intersection of North Wesleyan Boulevard and Sutter’s Creek Boulevard, with a combined daily traffic counts exceeding 36,000 vehicles per day. The property benefits from close to more than 58,000 full time residences with a household income exceeding $65,000 annually. This Wendy’s boasts very strong, year-over-year increasing sales which exceed the national average by $1 Million. 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 is an international fast- food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio. As of January 2019, there were a total of 6,711 locations, including 353 that are company-owned. 6,356 restaurants are franchised and 77 percent of them are located in North America. (In 2016, Wendy’s was the world’s third largest hamburger fast-food chain, following Burger King’s 12,000 plus locations and McDonald’s with 31,000 plus locations.

FOR SALE DETAILS

PRICE

$4,883,117 USD

PRICE/SF

$1,556 USD /SF

CAP RATE

5.2%

% 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

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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