Wendy’s | Absolute NNN Leased Offering

800 US-301, Wilson, NC

$1,904,760

Price

5.25%

Cap Rate

$100,000

NOI

Overview
Cap Rate
5.25%
NOI
$100,000
Building Size
2,400 sqft
Lot Area
0.82 acres
Lease Type
Absolute Net
Lease Expire Year
August 31, 2039
Description

The subject property is a brand new construction, long term NNN leased Wendy’s located in Wilson, NC. The 20 year lease commences in September of 2019. The lease is guaranteed by NPC Quality Burgers - operator of over 385 Wendy’s. This lease calls for zero landlord obligations and scheduled increases of 10% every five years. The tenant also has four, 5-year options to renew. The site benefits from its location in a major retail trade area and is surrounded my multiple national retailers.

Highlights
  • New 20 Year Absolute NNN Lease
  • Brand New Construction
  • Scheduled Increases in Rent
  • Zero Landlord Obligations
  • Located in a Major Retail Trade Area
  • Largest Operator of Wendy’s in the U.S.
  • 100% Fee Simple Interest
Documents
Title
Offering Memorandum
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Location
Gallery