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Wendy's 3500 W Gate City Blvd 2,979 SF Retail Building Greensboro, NC 27407 $1,496,000 ($502.18/SF) 5.50% Cap Rate
Investment Highlights
- Long-Term NNN Lease with Passive, Predictable Income Pure NNN lease through Nov 2034 with zero landlord responsibilities and stable cash flow.
- Below-Market Rent with Upside Below-market lease rates create strong mark-to-market and NOI growth potential.
- Proven Institutional Operator Operated by Schmidt Family Restaurant Group (80+ locations), a highly experienced Wendy’s franchisee.
- Prime High-Traffic Location Positioned on Gate City Blvd (28,000+ VPD) near I-40 and major national retailers.
Executive Summary
High-visibility net-leased Wendy’s located on Greensboro’s bustling Gate City Boulevard. Occupied by an established franchise operator, the property offers long-term income stability, a modern restaurant prototype, and a prime location within a thriving retail corridor anchored by national brands.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,979 SF
Building Class
B
Year Built/Renovated
1976/2016
Price
$1,496,000
Price Per SF
$502.18
Cap Rate
5.50%
NOI
$82,280
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.68 AC
Zoning
C-M - Commercial-Medium
Parking
59 Spaces (19.81 Spaces per 1,000 SF Leased)
Frontage
83’ on West Gate City Boulevard
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0053266 | Improvements Assessment | $1,037,100 |
| Land Assessment | $710,900 | Total Assessment | $1,748,000 |
Property Taxes
Parcel Number
0053266
Land Assessment
$710,900
Improvements Assessment
$1,037,100
Total Assessment
$1,748,000
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