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949 N Wesleyan Blvd
Rocky Mount, NC 27804
Wendy's · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Established Wendy’s Location with more than 9+ Years Remaining on the Original 20 Year Lease
  • Strong 10% Increases in Rent Every 5 Years During the Base Term and the Options
  • Absolute NNN Lease – No Landlord Responsibilities
  • Top 9% in performance in the Entire Wendy’s Chain as per Placer.AI
  • Hard Corner Signalized Intersection – Large .96 Acre Lot

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to present for sale this absolute net leased Wendy’s Restaurant with Drive Thru located at 949 North Wesleyan Boulevard in Rocky Mount, North Carolina. The subject property consists of a 3,138 square foot restaurant, with drive up window and ample parking on a large 0.95-acre parcel of land and is strategically located at the signalized intersection of North Wesleyan Boulevard and Sutter’s Creek Boulevard, with a combined daily traffic count exceeding 36,000 vehicles per day. The property benefits from close to more than 58,000 full-time residences with a household income exceeding $74,000 annually. As per Placer.AI this Wendy’s is in the top 9 percent of the Entire Wendy’s Chain and Top 5 percent in the State of North Carolina.
There are currently over 9 years remaining on the original 20 Year lease with 10 percent increases every five years, including the four five-year option periods.
There are numerous National and Regional retailers in the immediate area including Target, Starbucks, Walmart, Red Lobster, McDonalds, Toyota, Lidl, Golden Corral, Big Lots, Rainbow, Joann, Subway, Verizon and Tractor Supply Co. among others.
Wendy’s was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise “Quality is our Recipe.” Today Wendy’s Company is the world’s third largest quick-service hamburger, and its franchisees employ thousands of people across 7,000 restaurants worldwide and annual revenue exceeds $2.2B. Wendy’s is best known for made-to-order square hamburgers using fresh and never frozen beef, freshly prepared salads, chili, baked potatoes and the Frosty Dessert

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,138 SF
Building Class
C
Year Built/Renovated
1999/2014
Price
$4,232,033
Price Per SF
$1,348.64
Cap Rate
6%
NOI
$253,922
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.95 AC
Zoning
B2 - Commercial
Parking
55 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
46’ on Wesleyan Blvd

AMENITIES

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3850-05-19-8719
Land Assessment
$836,360
Improvements Assessment
$1,091,410
Total Assessment
$1,927,770
  • Listing ID: 34212432

  • Date on Market: 12/16/2024

  • Last Updated:

  • Address: 949 N Wesleyan Blvd, Rocky Mount, NC 27804

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