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Restaurant

Wendys Very Strong Sales Signalized Intersection

949 N Wesleyan Blvd, Rocky Mount, NC 27804

Listing Price: $4,616,766

Cap Rate
5.00%
Tenant Name
Wendys
Years Remaining On Lease
14.0
Gross SF
3,138
Guarantor
Franchisee Guarantee
Rentable SF
3,138
Price/Gross SF
$1,471.24
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$73.56

Investment Overview

Marcus & Millichap is pleased to present for sale this absolute
net leased, recently remodeled Wendys 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-acreparcel of
land and is strategically located at the signalized intersection of
North Wesleyan Boulevard and Sutters Creek
Boulevard, with a combined daily traffic counts exceeding 36,000
vehicles per day. The property benefits from close to more than
58,000 full time residences with a house hold income exceeding
$65,000 annually. This Wendys boasts very strong, year over
year increasing sales which exceed the national average by $1
Million.
There are currently over 13 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, McDonalds, Toyota, Lidl, Golden Corral, Big Lots,
Rainbow, Joann, Subway, Verizon and Tractor Supply Co. among
others.
Wendys is an international fast- food restaurant chain founded
by Dave Thomas on November 15, 1969 in Columbus, Ohio. As
of January 2019, there were a total of 6,711 locations, including
353 that are company-owned. 6,356 restaurants are franchised
and 77 percent of them are located in North America. (In 2016,
Wendys was the worlds third largest hamburger fast-food chain,
following Burger Kings 12,000 plus locations and McDonalds
with 31,000 plus locations.

Investment Highlights

  • Established Wendys Location with more than 13 Years Remaining on the Original 20 Yrs
  • Very Strong Store Sales (63 Percent Above the National Average)
  • Sales and EBITDA Increased During Covid
  • Strong 10 Percent Increases in Rent Every 5 Years During the Base Term
  • Next Increase in 2024
  • Absolute NNN Lease No Landlord Responsibilities

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Restaurant

Wendys Very Strong Sales Signalized Intersection

Listing Price: $4,616,766

Cap Rate
5.00%
Tenant Name
Wendys
Years Remaining On Lease
14.0
Gross SF
3,138
Guarantor
Franchisee Guarantee
Rentable SF
3,138
Price/Gross SF
$1,471.24
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$73.56

Investment Highlights

  • Established Wendys Location with more than 13 Years Remaining on the Original 20 Yrs
  • Very Strong Store Sales (63 Percent Above the National Average)
  • Sales and EBITDA Increased During Covid
  • Strong 10 Percent Increases in Rent Every 5 Years During the Base Term
  • Next Increase in 2024
  • Absolute NNN Lease No Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to present for sale this absolute
net leased, recently remodeled Wendys 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-acreparcel of
land and is strategically located at the signalized intersection of
North Wesleyan Boulevard and Sutters Creek
Boulevard, with a combined daily traffic counts exceeding 36,000
vehicles per day. The property benefits from close to more than
58,000 full time residences with a house hold income exceeding
$65,000 annually. This Wendys boasts very strong, year over
year increasing sales which exceed the national average by $1
Million.
There are currently over 13 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, McDonalds, Toyota, Lidl, Golden Corral, Big Lots,
Rainbow, Joann, Subway, Verizon and Tractor Supply Co. among
others.
Wendys is an international fast- food restaurant chain founded
by Dave Thomas on November 15, 1969 in Columbus, Ohio. As
of January 2019, there were a total of 6,711 locations, including
353 that are company-owned. 6,356 restaurants are franchised
and 77 percent of them are located in North America. (In 2016,
Wendys was the worlds third largest hamburger fast-food chain,
following Burger Kings 12,000 plus locations and McDonalds
with 31,000 plus locations.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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