Listed by CBRE - Orange County, CBRE - San Jose
$1,496,000
Wendy's
Details
APN 0053266
Property Type Retail
Sub Type QSR/Fast Food, Single tenant net lease (stnl)
Square Footage 2,979
Units 1
Cap Rate 5.50%
NOI $82,280
Occupancy 100%
Tenancy Single
Brand/Tenant Wendy's
Lease Type NNN
Lease Expiration 05/05/2027
Class B
Year Built 1976
Year Renovated 2016
Buildings 1
Stories 1
Acreage 0.680
Zoning Commercial zoning (HB),
Parking Spaces 59 spaces
Parking per 1,000 SqFt 19.81
Tenant Credit Franchisee
Lease Commencement 05/06/2026
Ground Lease No
Single-Tenant NNN Investment | Greensboro, NC
Marketing description
Absolute NNN Wendy’s investment leased through Nov. 2034 to Schmidt Family Restaurant Group (80+ locations). Prime Greensboro location near Four Seasons Town Centre with 28,000+ VPD on Gate City Blvd. and 110,000+ VPD on I-40. Below-market rent offers long-term upside potential.
Investment highlights
- Long-Term NNN Lease with Passive, Predictable Income Pure NNN lease through Nov 2034 with zero landlord responsibilities and stable cash flow.
- Proven Institutional Operator Operated by Schmidt Family Restaurant Group (80+ locations), a highly experienced Wendy’s franchisee.
- Below-Market Rent with Upside Below-market lease rates create strong mark-to-market and NOI growth potential.
- Prime High-Traffic Location Positioned on Gate City Blvd (28,000+ VPD) near I-40 and major national retailers.
Listing Contacts
Listed by CBRE - Orange County, CBRE - San Jose
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,280.00
$6,856.67/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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