557 US Highway 70 W
Havelock, NC 28532
Single Tenant NNN - Wendy's · Retail Property For Sale
Property Facts
About 557 US HIGHWAY 70 W , HAVELOCK, NC 28532
Colliers International is pleased to present the single tenant triple net leased property at 577 U.S. Highway 70 in Havelock, North Carolina. The tenant is a Wendy’s restaurant occupying the total building area of approximately 3,400 square feet on a 1.39 acre lot. There are approximately 47 parking spaces available with a ratio of 13 per 1,000 SF. The offering is located directly across the street to a Walmart and several other big name retailers. Surrounding retail includes GameStop, Dollar Tree, Dollar General, McDonald’s, Planet Fitness, and CVS Pharmacy. The subject is perfectly positioned in the marketplace being across the street from Walmart and down the street from Dollar General, CVS, Planet Fitness and a Quality Inn & Suites Hotel. Wendy’s operator signed a 20-year, absolute triple-net lease in 2014. The lease includes ten percent rent increases every five years with the next increase in April of 2019. There are four five-year options. The lease is absolute-net in nature, with zero landlord responsibilities.
Property Taxes
| Parcel Number | 6-037-010 | Improvements Assessment | $848,900 |
| Land Assessment | $700,000 | Total Assessment | $1,548,900 |
Property Taxes
