Listed by JLL Chicago | Americas Headquarters, JLL - Irvine (Orange County), California
$2,500,000
Wendy's - Chapel Hill, NC
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,500
Net Rentable (SqFt) 2,500
Cap Rate 5%
NOI $125,000
Tenancy Single
Brand/Tenant Wendy's
Lease Type Absolute NNN
Lease Expiration 07/31/2044
Remaining Term 18.1
Rent Bumps Yes
Lease Options 3 x 5 Years
Year Built 2024
Buildings 1
Acreage 1.070
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease Yes
Wendy's Leading Franchisee | High Barriers to Entry | 77K+ VPD
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Wendy’s at 200 Village Center Drive in Chapel Hill, North Carolina (“Property” or “Asset”). The Property is operating on an absolute NNN ground lease lease with ±18.2 years of primary lease term remaining, 10% rent escalations every 5 years and three, five-year options.
NC Broker of Record: Pete Pitroff - NC License #: 163984
Investment highlights
- Absolute NNN ground lease with ±18.2 years of primary lease term remaining
- 4 miles north of UNC Chapel Hill with 34,000+ students
- Within Carraway Village, the largest greenfield development in Chapel Hill in the past decade
- One of the few approved drive-thru sites in Chapel Hill due to restrictive permitting
- Located off I-40 exit 266, one of the busiest interchange with 77,000+ VPD, with a new I-40 slip ramp currently under construction
- Dense residential development with accessibility to 1,200+ residents within a 5-minute walk
- 3 miles from Carolina North Campus, UNC-Chapel Hill’s 250-acre satellite campus
- Award winning Wendy’s franchisee with ±80 locations
Listing Contacts
Listed by JLL Chicago | Americas Headquarters, JLL - Irvine (Orange County), California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,000.00
$10,416.67/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
Map
Zoning
MU-OI-1 MixedMixed UseMixed Use Office Institutional 1
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View all 97 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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