Log In/Sign Up
Your email has been sent.
Wendy's 2419 W Franklin Blvd 2,984 SF Retail Building Gastonia, NC 28052 $2,981,000 ($998.99/SF) 5.75% Cap Rate
Investment Highlights
- Strong Franchisee Backing
- Excellent Visibility & Access
- Compounding Inflation Hedge – 2% Annual Increases
- Dense and Growing Trade Area
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 2419 West Franklin Boulevard, Gastonia, NC 28052. The site consists of roughly 2,984 rentable square feet of building space on an estimated 1.33-acre parcel of land. Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 1/1/2021. The current annual rent is $171,409 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,984 SF
Building Class
B
Year Built
2020
Price
$2,981,000
Price Per SF
$998.99
Cap Rate
5.75%
NOI
$171,409
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.33 AC
Zoning
REST1
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 106772 | Improvements Assessment | $538,620 |
| Land Assessment | $568,240 | Total Assessment | $1,106,860 |
Property Taxes
Parcel Number
106772
Land Assessment
$568,240
Improvements Assessment
$538,620
Total Assessment
$1,106,860
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
