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Restaurant

Wendy's

2735 Reynolda Rd, Winston-Salem, NC 27106

Listing Price: $2,275,000

Cap Rate
6.25%
Tenant Name
Wendy's franchisee
Years Remaining On Lease
11.1
Gross SF
3,106
Guarantor
Subsidiary of a Corporation
Rentable SF
3,106
Price/Gross SF
$732.45
Lease Type
Absolute Net
Rent Per Square Feet
$45.79

Investment Overview

Marcus & Millichap is please to present a Wendy's located in Winston-Salem, NC. The 25 unit group was recently acquired by Meritage Hospitality Group, the nation's only publicly traded "Wendy's Old Fashioned Hamburgers" restaurant franchisee. This Wendy's is subject to a 20 year absolute net lease, with 11 years remaining. The lease calls for a 10% rental increase every five years. Lease includes four, five year lease renewal options. The property was built in 1994 and reimaged/renovated in 2017 to the more contemporary prototype. Located 2 miles from Wake Forest University with enrollment of 8,950 students. Local merchants include Harris Teeter Grocery, McDonalds, Starbucks, T-Mobil, Verizon, Dunkin Donuts, Cook Out, and Goodyear.

Investment Highlights

  • Single Tenant NNN Leased Wendy's Old Fashion Hamburgers Restaurant
  • Located in Winston-Salem NC - Two Miles from Wake Forest University
  • Reimaged in 2017 - Renovated Exterior and Interior
  • Eleven Years Three Months Remaining on the Initial Term
  • Nearby Merchants: Harris Teeter, Verizon, McDonalds, Dunkin Donut, Starbucks, Panera, Goodyear
  • Twenty-five Unit Guarantor - Parent company is Meritage Hospitality, a Publicly Traded Company with 344 Locations. www.meritagehospitality.com

Exclusively Listed By

Financing By

Listing Price: $2,275,000

Cap Rate
6.25%
Tenant Name
Wendy's franchisee
Years Remaining On Lease
11.1
Gross SF
3,106
Guarantor
Subsidiary of a Corporation
Rentable SF
3,106
Price/Gross SF
$732.45
Lease Type
Absolute Net
Rent Per Square Feet
$45.79

Investment Highlights

  • Single Tenant NNN Leased Wendy's Old Fashion Hamburgers Restaurant
  • Located in Winston-Salem NC - Two Miles from Wake Forest University
  • Reimaged in 2017 - Renovated Exterior and Interior
  • Eleven Years Three Months Remaining on the Initial Term
  • Nearby Merchants: Harris Teeter, Verizon, McDonalds, Dunkin Donut, Starbucks, Panera, Goodyear
  • Twenty-five Unit Guarantor - Parent company is Meritage Hospitality, a Publicly Traded Company with 344 Locations. www.meritagehospitality.com

Investment Overview

Marcus & Millichap is please to present a Wendy's located in Winston-Salem, NC. The 25 unit group was recently acquired by Meritage Hospitality Group, the nation's only publicly traded "Wendy's Old Fashioned Hamburgers" restaurant franchisee. This Wendy's is subject to a 20 year absolute net lease, with 11 years remaining. The lease calls for a 10% rental increase every five years. Lease includes four, five year lease renewal options. The property was built in 1994 and reimaged/renovated in 2017 to the more contemporary prototype. Located 2 miles from Wake Forest University with enrollment of 8,950 students. Local merchants include Harris Teeter Grocery, McDonalds, Starbucks, T-Mobil, Verizon, Dunkin Donuts, Cook Out, and Goodyear.

Exclusively Listed By

Financing By

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