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23244346
23244347

7920 Cambridge Commons Drive, Charlotte, NC 28215

BR
NY 10491212709
SRS Real Estate Partners New York
KF
NY 10401281546, NJ 2441197
SRS Real Estate Partners New York
Listed by SRS Real Estate Partners New York
$1,954,000
395 days on market
Updated 22 days ago

Wendy's (Dark)

Details
APN 11107427
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,251
Net Rentable (SqFt) 3,251
Cap Rate 7.5%
NOI $146,581
Occupancy 100%
Tenancy Single
Brand/Tenant Wendy's
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 05/31/2038
Remaining Term 12
Year Built 2003
Acreage 1.020
Parking Spaces 36 spaces
Parking Per SqFt 11.07
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 05/21/2018
Ownership Fee Simple (Land & Building Ownership)

Retail | 7.50% CAP | 3,251 SqFt

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest in an absolute NNN leased Wendy’s property located in Charlotte, North Carolina. Though the store is currently dark, the corporate tenant remains fully bound to its lease obligation with over 13 years remaining on the primary term. The lease features 7.5% rental increases every 5 years, providing steady NOI growth and a reliable hedge against inflation. With the tenant responsible for taxes, insurance, CAM, and maintenance, the property offers a passive, management-free investment with strong repositioning or backfill upside.

The subject property is located within the high-growth Charlotte MSA, home to over 2.8 million people and major employers like Bank of America, Truist, and Wells Fargo. The asset is an outparcel to a Food Lion-anchored center with national co-tenants including BP, and directly across from the new 287-unit Abberly Commons apartment development, driving consistent local foot traffic. The surrounding 5-mile trade area includes over 125,000 residents and 19,000 employees, with an average household income over $109,000, supporting long-term retail demand. This offering presents a rare opportunity to acquire a corporately backed lease with strong underlying real estate and value-add potential in one of the Southeast’s most dynamic markets.

Investment highlights

  • Dark QSR Location with over 13 years remaining on the lease obligation

  • Prime opportunity for redevelopment or for a QSR owner user

  • The property is a high-visibility outparcel in a Food Lion anchored center, alongside national/credit co-tenant BP

  • Directly across from Abberly Commons, a new apartment development featuring 287 planned units, enhancing long-term foot traffic

  • The 5-mile trade area includes more than 125,000 residents and 19,000 employees, with an average household income over $109,000 supporting strong retail demand

Listing Contacts

BR
NY 10491212709
SRS Real Estate Partners New York
KF
NY 10401281546, NJ 2441197
SRS Real Estate Partners New York
Listed by SRS Real Estate Partners New York

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$146,581.00
$12,215.08/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Patrick Nutt
License
NC License No. 281618
Brokerage
SRS Real Estate Partners-SoFlo LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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