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Wendy’s

735 N Madison Blvd, Roxboro, NC 27573, USA
$2,754,780 5.00% Cap 3,468 sq ft Representative Photo Print This Page

Location

735 N Madison Blvd, Roxboro, NC 27573, USA

Price: $2,754,780
Cap Rate: 5.00%
Net Operating Income: $137,739
Square Footage: 3,468
Rent to Sales: 6.9%

100% Fee Simple InterestAbsolute NNN LeaseHealthy Rent to Sales RatioLocated on a Major Commercial ThoroughfareScheduled IncreasesStrong 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 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.

Roxboro is a city and the county seat of Person County, North Carolina. The population was 8,362 at the 2010 census. The city is 30 miles (48 km) north of Durham and is a part of the four-county Durham–Chapel Hill Metropolitan Statistical Area, which has a population of 504,357 as of the 2010 Census. The Durham–Chapel Hill MSA is a part of the larger Raleigh–Durham–Cary Combined Statistical Area, which has a population of 1,749,525 as of 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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