Price Improvement on Former Wendy's Restaurant

Highlights:

• - 2,694 SF building ideally suited for restaurant or retail use.
• - Extensively upgraded asset– renovated in 2022 with additional capital improvements completed in 2026, including expanded cooking area, exhaust hoods, and optimized interior layout
• - New tenant in place with a 5 year lease and renewal options, providing near-term income stability with long-term upside.
• - Built in rent growth with 3% annual escalations, offering predictable NOI increases.
• - Zoned HC for Highway Commercial - allowing for a wide range of retail and restaurant uses.
• - Strategically located in Havelock, a growing market supported by MCAS Cherry Point and steady year-round demand.
• - Ample on-site parking (±16 spaces per 1,000 SF), exceeding typical restaurant requirements and supporting high-volume operators.
• - High-visibility, high-traffic corridor location, offering strong exposure and accessibility for sustained tenant performance

Description:

Presenting a stabilized, income-producing investment, 413 West Main Street offers a 2,694 SF freestanding restaurant/retail asset with a new 5-year lease and renewal options, delivering immediate cash flow and 3% annual rent escalations for built-in NOI growth. The property has been extensively upgraded (2022 renovation + 2026 improvements), minimizing near-term capital needs. Located in Havelock near MCAS Cherry Point, the asset benefits from strong local demand, high visibility, and ample parking (±16/1,000 SF)—positioning it as a turnkey acquisition for investors seeking to deploy capital quickly.

Havelock is located in eastern Craven County, approximately 25 miles from Morehead City and the Crystal Coast.
It's home to Marine Corps Air Station Cherry Point, the world's largest Marine Corps air station, and home to the 2nd Marine Aircraft Wing.

Former Wendy's restaurant off Highway 70 East in Havelock, NC.
2694 SF Restaurant location

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