Restaurant
Wendy’s NNN Lease Top 9% in Chain
949 N Wesleyan Blvd, Rocky Mount, NC 27804
Listing Price: $4,883,117
Investment Overview
Marcus & Millichap is pleased to present for sale this absolute net leased
Wendy’s Restaurant with Drive Thru located at 949 North Wesleyan
Boulevard in Rocky Mount, North Carolina. The subject property consists of
a 3,138 square foot restaurant, with drive up window and ample parking
on a large 0.95-acre parcel of land and is strategically located at the
signalized intersection of North Wesleyan Boulevard and Sutter’s Creek
Boulevard, with a combined daily traffic count exceeding 36,000 vehicles
per day. The property benefits from close to more than 58,000 full-time
residences with a household income exceeding $74,000 annually. As per
Placer.AI this Wendy’s is in the top 9 percent of the Entire Wendy’s Chain
and Top 5 percent in the State of North Carolina.
There are currently over 9 years remaining on the original 20 Year lease
with 10 percent increases every five years, including the four five-year
option periods.
There are numerous National and Regional retailers in the immediate area
including Target, Starbucks, Walmart, Red Lobster, McDonald's, Toyota,
Lidl, Golden Corral, Big Lots, Rainbow, Joann, Subway, Verizon and Tractor
Supply Co. among others.
Wendy’s was founded in 1969 by Dave Thomas in Columbus, Ohio.
Dave built his business on the premise “Quality is our Recipe.” Today
Wendy’s Company is the world’s third largest quick-service hamburger,
and its franchisees employ thousands of people across 7,000 restaurants
worldwide and annual revenue exceeds $2.2B. Wendy’s is best known
for made-to-order square hamburgers using fresh and never frozen beef,
freshly prepared salads, chili, baked potatoes and the Frosty Dessert.
Wendy’s NNN Lease Top 9% in Chain
Investment Highlights
- Top 9% in Performance in the Entire Wendy's Chain and Top 5% in the State of North Carolina as per Placer.AI
- Long and Successful 25+ Year Operating History at this Location
- Established Wendy's Location with more than 9+ Years Remaining on the Original 20 Year Lease
- Absolute NNN Lease – No Landlord Responsibilities
- Strong 10% Increases in Rent Every 5 Years During the Base Term and the Options
- Situated Half a Mile from the US Hwy 64 Exit (N Wesleyan Blvd) at the Entrance to a Big Lots/Tractor Supply Anchored Shopping Center
- North Carolina's Gross Domestic Product (GDP) Growth Rate in 2023 GDP Increased by 2.7 from 2022. The Third Quarter of 2023 4.6% Annual Growth Rate
- The Wendy's Company is the World's Third Largest Quick Service Hamburger Company with 7,240 Restaurants and Over $2.18+ Billion Annual Sales
Listing Price: $4,883,117
Investment Highlights
- Top 9% in Performance in the Entire Wendy's Chain and Top 5% in the State of North Carolina as per Placer.AI
- Long and Successful 25+ Year Operating History at this Location
- Established Wendy's Location with more than 9+ Years Remaining on the Original 20 Year Lease
- Absolute NNN Lease – No Landlord Responsibilities
- Strong 10% Increases in Rent Every 5 Years During the Base Term and the Options
- Situated Half a Mile from the US Hwy 64 Exit (N Wesleyan Blvd) at the Entrance to a Big Lots/Tractor Supply Anchored Shopping Center
- North Carolina's Gross Domestic Product (GDP) Growth Rate in 2023 GDP Increased by 2.7 from 2022. The Third Quarter of 2023 4.6% Annual Growth Rate
- The Wendy's Company is the World's Third Largest Quick Service Hamburger Company with 7,240 Restaurants and Over $2.18+ Billion Annual Sales
Investment Overview
Marcus & Millichap is pleased to present for sale this absolute net leased Wendy’s Restaurant with Drive Thru located at 949 North Wesleyan Boulevard in Rocky Mount, North Carolina. The subject property consists of a 3,138 square foot restaurant, with drive up window and ample parking on a large 0.95-acre parcel of land and is strategically located at the signalized intersection of North Wesleyan Boulevard and Sutter’s Creek Boulevard, with a combined daily traffic count exceeding 36,000 vehicles per day. The property benefits from close to more than 58,000 full-time residences with a household income exceeding $74,000 annually. As per Placer.AI this Wendy’s is in the top 9 percent of the Entire Wendy’s Chain and Top 5 percent in the State of North Carolina. There are currently over 9 years remaining on the original 20 Year lease with 10 percent increases every five years, including the four five-year option periods. There are numerous National and Regional retailers in the immediate area including Target, Starbucks, Walmart, Red Lobster, McDonald's, Toyota, Lidl, Golden Corral, Big Lots, Rainbow, Joann, Subway, Verizon and Tractor Supply Co. among others. Wendy’s was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise “Quality is our Recipe.” Today Wendy’s Company is the world’s third largest quick-service hamburger, and its franchisees employ thousands of people across 7,000 restaurants worldwide and annual revenue exceeds $2.2B. Wendy’s is best known for made-to-order square hamburgers using fresh and never frozen beef, freshly prepared salads, chili, baked potatoes and the Frosty Dessert.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
