Just Listed! Wendy’s NNN Lease in Rocky Mount, North Carolina

Just Listed! Wendy’s NNN Lease in Rocky Mount, North Carolina

Investment Highlights:

■ Established Wendy’s Location with more than 13 Years
Remaining on the Original 20 Year Lease
■ Very Strong Store Sales (63 Percent Above the National
Average) – Sales and EBITDA Increased During Covid
■ Strong 10 Percent Increases in Rent Every 5 Years During the
Base Term and the Options (Next Increase in 2024)
■ Hard Corner Signalized Intersection – Large .96 Acre Lot
■ Absolute NNN Lease – No Landlord Responsibilities
■ Situated half a mile from the US Hwy 64 Exit (N WesleyanBlvd)
at the Entrance to a Big Lots/Tractor Supply Anchored
Shopping Center

Investment Overview:

Marcus & Millichap is pleased to present for sale this absolute
net leased, recently remodeled Wendy’s located at 949 North
Wesleyan Boulevard in Rocky Mount, North Carolina. The subject
property consists of a 3,138 square foot restaurant, with drive
up window and ample parking on a large 0.95-acreparcel of
land and is strategically located at the signalized intersection of
North Wesleyan Boulevard and Sutter’s Creek
Boulevard, with a combined daily traffic counts exceeding 36,000
vehicles per day. The property benefits from close to more than
58,000 full time residences with a house hold income exceeding
$65,000 annually. This Wendy’s boasts very strong, year over
year increasing sales which exceed the national average by $1
Million.
There are currently over 13 years remaining on the original 20
Year lease with 10 percent increases every five years, including
the four five-year option periods.
There are numerous National and Regional retailers in the
immediate area including Target, Starbucks, Walmart, Red
Lobster, McDonalds, Toyota, Lidl, Golden Corral, Big Lots,
Rainbow, Joann, Subway, Verizon and Tractor Supply Co. among
others.
Wendy’s is an international fast- food restaurant chain founded
by Dave Thomas on November 15, 1969 in Columbus, Ohio. As
of January 2019, there were a total of 6,711 locations, including
353 that are company-owned. 6,356 restaurants are franchised
and 77 percent of them are located in North America. (In 2016,
Wendy’s was the world’s third largest hamburger fast-food chain,
following Burger King’s 12,000 plus locations and McDonald’s
with 31,000 plus locations.

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