226 South Graham Hopedale Road, Burlington, NC, USA
$3,954,660 5.00% Cap 3,440 sq ft Representative Photo Print This Page


226 South Graham Hopedale Road, Burlington, NC, USA

Price: $3,954,660
Cap Rate: 5.00%
Net Operating Income: $197,733
Square Footage: 3,440
Lot Size:1.1 AC
Rent to Sales: 7.7%

100% Fee Simple InterestAbsolute NNN LeaseLocated on a Major Commercial ThoroughfareScheduled IncreasesStrong and Experienced OperatorSurrounded by Major RetailersZero Landlord Obligations

The subject property is a 20-year Wendy’s NNN lease, which commenced in December 2018. The lease is guaranteed by WendSchmidt NC LLC. which operates 24 Units of Wendy’s. Schmidt Family Restaurant Group operates a total of 75 restaurants. This lease calls for zero landlord obligations and scheduled increases of 8% every 5 years. The tenant also has four, 5-year options to renew. The site benefits from its location in a major retail trade area.

Burlington is a city in Alamance and Guilford counties in the State of North Carolina. It is the principal city of the Burlington, North Carolina Metropolitan Statistical Area, which encompasses all of Alamance County, in which most of the city is located, and is a part of the Greensboro-Winston-Salem-High Point CSA. The population was 50,042 at the 2010 census, which makes Burlington the 17th largest city in North Carolina. The Metropolitan Statistical Area population was over 150,000 in 2010.

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    Jacob Abusharkh Managing Principal View profile
    Kase Abusharkh Founding Principal View profile

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