Restaurant
Wendy's
2735 Reynolda Rd, Winston-Salem, NC 27106
Listing Price: $2,275,000
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.
Wendy's
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
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
