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Wendy's 306 NC Highway 55 W 3,432 SF Retail Building Mount Olive, NC 28365 $2,086,957 ($608.09/SF) 5.75% Cap Rate
Investment Highlights
- Strong Franchisee Guarantee from Delight Restaurant Group
- Ideal Demographics
- Outparcel to Walmart Supercenter
- High-Visibility Frontage on Major Roadways
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 306 North Carolina 55 , Mount Olive, NC 28365. The site consists of roughly 3,432 rentable square feet of building space on an estimated .77-acre parcel of land. Wendy's is subject to a 15-year Triple Net (NNN) lease which will commence upon close of escrow . The annual rent will be $120,000 and has scheduled increases of 10% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,432 SF
Building Class
C
Year Built
2007
Price
$2,086,957
Price Per SF
$608.09
Cap Rate
5.75%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.77 AC
Zoning
Commercial
Frontage
69’ on Nc-55 Hwy
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
Contacts
-
Matthew Anuszkiewicz -
Amelia Haydock -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Wendy's | 306 NC Highway 55 W
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