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Wendy's 1533 Freeway Dr 2,790 SF Retail Building Reidsville, NC 27320 $2,495,700 ($894.52/SF) 6.15% Cap Rate
Investment Highlights
- Long Operating History
- High Visibility & Frontage
- Outparcel to Lowe’s Foods
- Surrounded by Premier Retail & Essential Services
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 1533 Freeway Dr, Reidsville, NC 27320. The site consists of roughly 2,790 rentable square feet of building space on an estimated 0.80-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 9/4/2025. The current annual rent is $153,486 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,790 SF
Building Class
B
Year Built
1997
Price
$2,495,700
Price Per SF
$894.52
Cap Rate
6.15%
NOI
$153,486
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.80 AC
Zoning
HWY BUS RD
Frontage
163’ on Freeway Dr
Amenities
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 143074 | Improvements Assessment | $562,520 |
| Land Assessment | $313,493 | Total Assessment | $876,013 |
Property Taxes
Parcel Number
143074
Land Assessment
$313,493
Improvements Assessment
$562,520
Total Assessment
$876,013
Contacts
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Amelia Haydock -
Andrew Darby -
Christopher Marks -
Surmount
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Photos
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Wendy's | 1533 Freeway Dr
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