Wendy's | Part of 6 Property Portfolio | 5170 Reidsville Rd
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Wendy's | Part of 6 Property Portfolio 5170 Reidsville Rd
2,464 SF Retail Building Walkertown, NC 27051 $2,039,280 CAD ($828 CAD/SF) 5.65% Cap Rate
Investment Highlights
- Wendy’s Sale Leaseback from Top Wendy’s Franchisee
- Highly Accessible to Multifamily Apartments and Neighborhoods
- Strategic Location Along Reidsville Road
- NNN Lease with No Landlord Responsibilities
- Close Proximity to Major Retailers
Executive Summary
This is part of a six property Wendy's portfolio with locations in North Carolina and Virginia. Each property in the portfolio is available separately.
This investment opportunity includes sale leaseback opportunities from one of the strongest Wendy’s franchisees, who has operated many Wendy’s locations throughout the U.S. East Coast for years.
The Wendy’s franchisee at this location was founded in 1988 and has expanded to over 25 Wendy’s restaurants across Virginia and North Carolina through acquisition and development.
This investment opportunity includes sale leaseback opportunities from one of the strongest Wendy’s franchisees, who has operated many Wendy’s locations throughout the U.S. East Coast for years.
The Wendy’s franchisee at this location was founded in 1988 and has expanded to over 25 Wendy’s restaurants across Virginia and North Carolina through acquisition and development.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,464 SF
Building Class
C
Year Built
2003
Price
$2,039,280 CAD
Price Per SF
$828 CAD
Cap Rate
5.65%
NOI
$115,219 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
1.10 AC
Zoning
HB-S
Frontage
115 ft on Reidsville
Amenities
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 6868-40-0312 | Improvements Assessment | $1,289,271 CAD |
| Land Assessment | $831,779 CAD | Total Assessment | $2,121,049 CAD |
PROPERTY TAXES
Parcel Number
6868-40-0312
Land Assessment
$831,779 CAD
Improvements Assessment
$1,289,271 CAD
Total Assessment
$2,121,049 CAD
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Douglas Kinson -
Marcus & Millichap
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Wendy's | Part of 6 Property Portfolio | 5170 Reidsville Rd
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