Listed by SURMOUNT
$2,981,000
Wendy's | 2% Annual Bumps | Carolina Restaurant Group
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,984
Cap Rate 5.75%
NOI $171,409
Tenancy Single
Brand/Tenant Wendy's
Lease Type NNN
Lease Term 20
Lease Expiration 12/31/2040
Remaining Term 14.5
Rent Bumps Yes
Lease Options 2, 5-Year Options
Year Built 2020
Acreage 1.330
Tenant Credit Franchisee
Lease Commencement 01/01/2021
Ground Lease No
Retail | 5.75% CAP | 2,984 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Wendy's located at 2419 West Franklin Boulevard, Gastonia, NC 28052. The site consists of roughly 2,984 rentable square feet of building space on an estimated 1.33-acre parcel of land. Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 1/1/2021. The current annual rent is $171,409 and has scheduled increases of 2.00% Annually.
Investment highlights
- Strong Franchisee Backing | Operated by Carolina Restaurant Group, a premier franchisee with a longstanding history and an extensive portfolio of over 120 locations.
- Compounding Inflation Hedge – 2% Annual Increases | This investment features rare 2.00% annual rent bumps throughout the entire 20-year primary term and all four 5-year option periods. These consistent escalations provide a superior hedge against inflation and drive a continuous increase in yield, ensuring the asset's Net Operating Income (NOI) significantly outpaces traditional flat or 5-year stepup leases.
- Excellent Visibility & Access | High-exposure site with prominent frontage, multiple access points, and strong ingress/egress supporting convenient customer access.
- Dense and Growing Trade Area | Over 36,600 residents within 3 miles, projected to grow to 39,200+ by 2029, supporting long-term demand for retail and dining.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$171,409.00
$14,284.08/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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