Listed by Matthews
$1,587,826
Wendy's
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,925
Cap Rate 5.75%
NOI $91,300
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Burger King
Lease Type Absolute NNN
Lease Term 19
Lease Expiration 08/31/2039
Remaining Term 13.3
Rent Bumps Yes
Price per SqFt $825
Class A
Year Built 2018
Buildings 1
Stories 1
Investment Type Net Lease
Lease Commencement 09/01/2020
Ownership Fee Simple
Absolute NNN Wendy’s – 13+ Years Remaining, Below Replacement Cost, Prime NC Location
Marketing description
Recently built Wendy’s absolute NNN for sale in Wilson, NC. ±13.5 years remaining, $91,300 annual rent, 5.75% cap rate, and 1,925 SF on 0.82 acres. Priced below replacement cost with 10% rent bumps every 5 years. No landlord responsibilities. Prime signalized intersection location.
Investment highlights
- Long-Term Lease Stability: The property features over 13 years of remaining lease term, providing investors with durable and predictable cash flow. This extended lease term offers long-term income security.
- Below Replacement Cost: The asset is offered below replacement cost, presenting a compelling basis for investors entering the market. With $91,300 in annual rent, the investment delivers an attractive yield, while the rent sits nearly 30% below the average Wendy’s rental rate, providing meaningful upside potential over time.
- Prime Signalized Location: Strategically located at a signalized intersection with direct access to Highway 301, the property benefits from strong traffic flow and excellent visibility. This prime positioning supports consistent customer traffic and long-term tenant performance.
- Recent Construction: The property features a recently constructed Wendy’s, built to the brand’s latest prototype, offering modern design and operational efficiency. New construction minimizes near-term capital expenditures and enhances long-term tenant viability.
- Absolute NNN Investment: This is a true triple-net (NNN) investment, providing a passive ownership structure with no landlord responsibilities. Leased to a nationally recognized brand with over 6,000 locations, the asset offers strong tenant credibility.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$91,300.00
$7,608.33/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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