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2001 N MAIN ST High Point NC 27262

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Details
Property Type Retail
Sub Type QSR/Fast Food
Building SqFt 3,500
Year Built 2018
Lease Type ******
Lease Term ******
Remaining Term ******
Lease Expiration ******
Days on Market ******
Latitude 35.9811
Longitude -80.0223

Property History

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Property Type
Property Type
Retail
Property Subtype
QSR/Fast Food
Investment Highlights
  • 14‑YEAR ABS‑NET LEASE | ZERO LANDLORD RESPONSIBILITIES: Brand‑New 2018 Build With A Full Absolute Net (NNN) Structure; Tenant (Schmidt Family Restaurant Group) Is Fully Responsible For Taxes, Insurance, Maintenance, Roof, And Structure.

  • 10% RENT BUMPS EVERY 5 YEARS + FOUR 5‑YEAR RENEWAL OPTIONS: Contractual Escalations Ensure 10% Increases At Each 5‑Year Interval During The Primary Term, With Four Additional 5‑Year Options Extending Potential Term To 40 Years.

  • MODERN PROTOTYPE | HIGH VISIBILITY / DRIVE‑THRU FORMAT: 3,500 SF Building On A 42,253 SF Lot, Featuring Modern Wendy’s Prototype Design, Strong Frontage, And Dual Drive‑Thru Lanes To Support High Throughput.

  • DOMINANT RETAIL NODE IN HIGH POINT / TRIAD REGION: Situated Along Main Street / N. Main Corridor In High Point, Directly Benefiting From Area Retail Gravity And Traffic Flows.

  • STRONG POPULATION BASE & REGIONAL COVERAGE: Within 3 Miles, Population Exceeds ~61,500 (2024 Est.), Supporting Dense Customer Base. (Your Data: 3‑Mile Pop 61,544)

  • PROXIMITY TO GROWING RESIDENTIAL CORRIDORS & COMMERCIAL SPINE: The Site Aligns With Long-Term Densification Trends In The High Point / Greensboro / Winston‑Salem Trade Area, Benefiting From Strong Regional Connectivity.

  • CREDIBLE FRANCHISE OPERATOR WITH LONG TRACK RECORD: Tenant Is Operated By Schmidt Family Restaurant Group, A Multi-State Franchisee With Decades Of Experience And Strong Operational Standing.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
PD
Peter Deltondo PRO
•••.•••.2609
•••••ondo@•••••••••••••••.com
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