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Wendy’s

1546 NC-56, Creedmoor, NC 27522, USA
$2,395,880 5.00% Cap 3,184 sq ft Representative Photo Print This Page

Location

1546 NC-56, Creedmoor, NC 27522, USA

Price: $2,395,880
Cap Rate: 5.00%
Net Operating Income: $119,794
Square Footage: 3,184
Lot Size: 0.96 AC
Rent to Sales: 6.7%

100% Fee Simple InterestAbsolute NNN LeaseHealthy Rent to Sales RatioLocated 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 Delight Restaurant Group. - currently an operator of 57 restaurants (31 Wendy’s and 26 Taco Bells). 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.

Creedmoor is a city in Granville County, North Carolina, United States. The population was 4,124 at the 2010 census.

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    presented by

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

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