Wendy's
Retail | 6.25% CAP | 2,854 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a located at 538 Akron Drive, Winston-Salem, NC 27105. The site consists of roughly 2,854 rentable square feet of building space on an estimated .69-acre parcel of land. is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $112,000 and has scheduled increases of Lesser of Change in CPI or 1.50% Annually.
Investment highlights
Strong Franchisee Guarantee | The subject property is backed by Meritage Hospitality Group, one of the largest Wendy’s franchise operators in the U.S., with a proven portfolio of 380 + locations, providing investors with a reliable and stable guarantor.
Close - Proximity to Wake Forest University | Positioned just two miles from Wake Forest University, a major regional institution with 9,300 students, driving consistent daytime population, consumer traffic, and economic activity in the surrounding trade area.
Close - Proximity to Smith Reynolds Airport | Situated near Smith Reynolds Airport, a key regional aviation hub located just minutes from downtown Winston -Salem . The airport supports corporate aircraft, air charter services, general aviation, and air cargo, and is home to extensive MRO facilities and aviation - related commercial activity.
Strong Surrounding Demographics | The property is supported by a dense and stable population base, with 55 ,500 residents within a 3- mile radius and 127,900 residents within a 5- mile radius, providing a strong built in consumer base.
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