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Wendy’s

1301 Mebane Oaks Rd, Mebane, NC 27302, USA
$3,942,240 5.00% Cap 3,146 sq ft Representative Photo Print This Page

Location

1301 Mebane Oaks Rd, Mebane, NC 27302, USA

Price: $3,942,240
Cap Rate: 5.00%
Net Operating Income: $197,112
Square Footage: 3,146
Lot Size: 1.1 AC
Rent to Sales Ratio: 8.7%

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 Superior Restaurant Group of North Carolina Inc. which has 24 units. Superior Restaurant Group as a whole operates over 30 units of Wendy’s. 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 and is across from Walmart Supercenter. The city of Mebane is completing a road widening project on Mebane Oak Road, right in front of the property, to accommodate for increased traffic flow.

Mebane is a city located mostly in Alamance County, North Carolina, and partly in Orange County, North Carolina. The town was named for Alexander Mebane, an American Revolutionary War general and member of the U.S. Congress. It was incorporated as “Mebanesville” in 1881, and in 1883 the name was changed to “Mebane”. It was incorporated as a city in 1987. The population as of the 2010 census was 11,393. Mebane is one of the fastest growing municipalities in North Carolina. Mebane straddles the Research Triangle and Piedmont Triad Regions of North Carolina. The Alamance County portion is part of the Burlington Metropolitan Statistical Area, which is a component of the Greensboro-Winston-Salem-High Point Combined Statistical Area. The Orange County portion is part of the Durham-Chapel Hill Metropolitan Statistical Area, which is a component of the Raleigh-Durham-Chapel Hill Combined Statistical Area.

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

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