Restaurant

Wendy’s Very Strong Sales 15 Year Lease

949 N Wesleyan Blvd, Rocky Mount, NC 27804

Listing Price: $4,616,766

Cap Rate
5.00%
Tenant Name
Wendys
Years Remaining On Lease
14.80
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, newly 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
36,083 vehicles per day. The property benefits from close to
59,095 full time residences with a house hold income exceeding
$67,748 annually.
There are currently over 14 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, United
States. As of January 2017, there were a total of 6,537 locations,
including 330 that are company-owned. 6,207 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 over 31,000 plus locations.)

Investment Highlights

  • Absolute NNN Lease No Landlord Responsibilities
  • Newly Remodeled Wendys with 14+ Years remaining on the Base Term of the Lease
  • Hard Corner Signalized Intersection Large .96 Acre Lot
  • Very Rare, Strong Corporate Guarantee from NPC International
  • Very strong store sales (66 Percent Above the National Average)
  • NPC (Tenant) Operates more than 386 Wendys Units in 8 States and 1,213 Pizza Hut

Exclusively Listed By

Restaurant

Wendy’s Very Strong Sales 15 Year Lease

Listing Price: $4,616,766

Cap Rate
5.00%
Tenant Name
Wendys
Years Remaining On Lease
14.80
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

  • Absolute NNN Lease No Landlord Responsibilities
  • Newly Remodeled Wendys with 14+ Years remaining on the Base Term of the Lease
  • Hard Corner Signalized Intersection Large .96 Acre Lot
  • Very Rare, Strong Corporate Guarantee from NPC International
  • Very strong store sales (66 Percent Above the National Average)
  • NPC (Tenant) Operates more than 386 Wendys Units in 8 States and 1,213 Pizza Hut

Investment Overview

Marcus & Millichap is pleased to present for sale this absolute
net leased, newly 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
36,083 vehicles per day. The property benefits from close to
59,095 full time residences with a house hold income exceeding
$67,748 annually.
There are currently over 14 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, United
States. As of January 2017, there were a total of 6,537 locations,
including 330 that are company-owned. 6,207 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 over 31,000 plus locations.)

Exclusively Listed By

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