Charlotte, NC - Wendy's (Dark)

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest in an absolute NNN leased Wendy’s property located in Charlotte, North Carolina. Though the store is currently dark, the corporate tenant remains fully bound to its lease obligation with over 13 years remaining on the primary term. The lease features 7.5% rental increases every 5 years, providing steady NOI growth and a reliable hedge against inflation. With the tenant responsible for taxes, insurance, CAM, and maintenance, the property offers a passive, management-free investment with strong repositioning or backfill upside.

The subject property is located within the high-growth Charlotte MSA, home to over 2.8 million people and major employers like Bank of America, Truist, and Wells Fargo. The asset is an outparcel to a Food Lion-anchored center with national co-tenants including BP, and directly across from the new 287-unit Abberly Commons apartment development, driving consistent local foot traffic. The surrounding 5-mile trade area includes over 125,000 residents and 19,000 employees, with an average household income over $109,000, supporting long-term retail demand. This offering presents a rare opportunity to acquire a corporately backed lease with strong underlying real estate and value-add potential in one of the Southeast’s most dynamic markets.