4535 US-70 Kinston NC 28504-9229

OUTPARCEL TO LOWE’S HOME IMPROVEMENT ON HIGHWAY 70 (24,000 VPD)

• The subject property is an outparcel to a Lowe’s Home Improvement and adjacent to a Walmart Supercenter on

Highway 70 (24,000 VPD).

• Additional surrounding retailers on this corridor include ALDI, Chick-fil-A, Goodwill, and multiple car

dealerships.

• This Wendy’s is also down the street from multiple industrial warehouses with over 3,000 employees including

an Amazon Warehouse.

RARE CORPORATE GUARNATEED WENDY’S

• This lease has a rare corporate Wendy’s guarantee.

• Wendy’s is one of the largest and most recognized quick-service restaurant brands in the world, with more than

7,000 locations globally and over 55 years of operating history.

• Wendy’s is publicly traded on the NASDAQ under the ticker WEN and maintains a nationally recognized brand

with substantial scale, infrastructure, and franchise support systems.

• Generated $14.0 billion in global systemwide sales in 2025, demonstrating the scale and staying power of the

brand across thousands of locations worldwide.

13.5 YEARS REMAINING ON NNN LEASE WITH 10% RENT INCREASES

• Wendy’s has been operating at this location since 2004 and signed a new 15 year lease in 2024 that expires in

December 2039.

• There are over 13 years remaining on the corporate guaranteed NNN lease with Wendy’s.

• The tenant is fully responsible for all responsibilities and expenses including Roof, Structure, Parking Lot, Taxes,

Insurance, HVAC, and Utilities.

• There are 100% no Landlord Responsibilities.

• 10% rent increases every 5 years in the initial lease term and options.

KINSTON | COUNT SEAT OF LENIOR COUNTY

• Kinston is the county seat of Lenoir County and is located in the coastal plains region of eastern North Carolina.

• Home to Lenoir Community College that has 2,693 students and 200 employees.

• Kinston is served by UNC Lenoir Health Care, a 261 bed hospital with over 100 physicians and 880 employees.

• Kinston Regional Jetport has one of the longest runways in the southeastern United States servicing 21,000 flight

operations per year.