375 S Churton St, Hillsborough, NC, USA
$3,506,540 5.00% Cap 3,120 sq ft Representative Photo Print This Page


375 S Churton St, Hillsborough, NC, USA

Price: $3,506,540
Cap Rate: 5.00%
Net Operating Income: $175,327
Square Footage: 3,120
Lot Size: 0.92 AC
Rent to Sales: 9.2%

100% Fee Simple InterestAbsolute NNN LeaseHealthy Rent to Sales RatioLocated on a Major Commercial ThoroughfareStrong and Experienced OperatorZero Landlord Obligations

The subject property is a 20-year Wendy’s NNN lease, which commenced in December 2018. The lease is guaranteed by Delight Raleigh 1 LLC which operates 12 units. The tenant’s parent company is Delight Restaurant Group which operates over 57 restaurants including Wendy’s and Taco Bell and is continuing to grow. 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.

The town of Hillsborough is the county seat of Orange County, North Carolina and is located along the Eno River. The population was 6,087 in 2010. Its name was unofficially shortened to “Hillsboro” during the 19th century. In the late 1960s, residents voted to change the name back to its original, historic spelling.

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

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