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Wendy's 800 US 301 Hwy N 3,960 SF Retail Building Wilson, NC 27893 $1,587,826 ($400.97/SF) 5.75% Cap Rate
Investment Highlights
- Absolute NNN lease with ±13.5 years remaining and no landlord responsibilities
- Recently constructed Wendy’s prototype minimizes near-term capital expenditures
- Nationally recognized Wendy’s franchisee tenant with 7,000+ locations worldwide
- Priced below replacement cost with $91,300 in annual rent and 5.75% cap rate
- Prime signalized intersection location with direct access to Hwy 301 and 22,000 VPD
- 10% rent increases every 5 years and four 5-year renewal options
Executive Summary
Broker of Record
Gerard Hamas
License # C42113, 362768 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Gerard Hamas
License # C42113, 362768 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,960 SF
Building Class
B
Year Built
2018
Price
$1,587,826
Price Per SF
$400.97
Cap Rate
5.75%
NOI
$91,300
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.82 AC
Zoning
GC
Frontage
207’ on US-301 Hwy
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 3721-88-7860.000 | Improvements Assessment | $465,752 |
| Land Assessment | $133,946 | Total Assessment | $599,698 |
Property Taxes
Parcel Number
3721-88-7860.000
Land Assessment
$133,946
Improvements Assessment
$465,752
Total Assessment
$599,698
Contacts
-
Vincent Renna -
Connor Olandt -
Cade Norland -
Matthews Real Estate Investment Services
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Wendy's | 800 US 301 Hwy N
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