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Wendy's 117 Tobacco Dr

2,380 SF Retail Building Wallace, NC 28466 $4,170,041 CAD ($1,752 CAD/SF) 5.50% Cap Rate

Retail Space North Carolina Wallace 117 Tobacco Dr, Wallace, NC 28466

Investment Highlights

  • 20-year absolute net lease – no landlord responsibility
  • Property has 2.75 EBITDAR Coverage YTD through August 2024
  • Operator is large franchisee – 127 units

Executive Summary

Vestian has been retained by ownership as the exclusive advisors to offer for sale the Wendy’s restaurants (The “Property”) located at 117 Tobacco Drive, Wallace, NC. The Property is subject to a 20-year absolute net lease expiring on December 31st, 2034. The operator of the unit is Carolina Restaurant Group (CRG). CRG operates 127 Wendy’s units mainly in North and South Carolina

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,380 SF
Building Class
B
Year Built
2023
Price
$4,170,041 CAD
Price Per SF
$1,752 CAD
Cap Rate
5.50%
NOI
$229,352 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.00 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
30 Spaces (12.61 Spaces per 1,000 SF Leased)
Frontage
170 ft on Tobacco Road
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Nearby Major Retailers

Rent-A-Center
Woodforest National Bank
First Bank NC
Food Lion
(312) 600-6368

Contacts

  • Listing ID: 33786445

  • Date on Market: 2024-11-07

  • Last Updated:

  • Address: 117 Tobacco Dr, Wallace, NC 28466

The Retail Property at 117 Tobacco Dr, Wallace, NC 28466 is currently available for sale. Contact Vestian for more information.

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Wendy's | 117 Tobacco Dr
(312) 600-6368 x

Wendy's | 117 Tobacco Dr

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Michael Morgret

(312) 600-6368

(312) 600-6368

Greg Krzysko

(312) 961-6792

(312) 961-6792

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