For Sale
$1,450,000

5170 Reidsville Rd Walkertown, NC 27051

High-Yield NNN Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a sale-leaseback of a Wendy's restaurant located at 5170 Reidsville Rd, Walkertown, NC 27051. The property, built in 2000 and renovated in 2020, boasts 2,464 square feet on a 1.2-acre lot. The current lease, a triple-net (NNN) agreement, commenced December 1, 2024, and expires November 30, 2039, offering long-term stability. The property generates a strong net operating income (NOI) of $82,000, resulting in a compelling 5.66% cap rate. The asking price is $1,450,000. This Wendy's is operated by a highly successful franchisee with a proven track record, owning over 25 locations across Virginia and North Carolina. The location benefits from high visibility and accessibility, situated along a major highway and in close proximity to multifamily residential areas and major retailers. This is one of six Wendy's properties available for sale, each offered individually. The franchisee's established presence and the strong performance of this particular location make this a highly attractive investment opportunity with significant potential for long-term returns. The property's strategic location and the strength of the Wendy's brand contribute to its enduring value and consistent cash flow. This is a rare chance to acquire a well-performing, established retail property with a secure, long-term lease.

Highlights

  • Wendy's sale-leaseback opportunity in Walkertown, NC.
  • Triple-net (NNN) lease with no landlord responsibilities; 15-year term commencing December 1, 2024.
  • High-traffic location with excellent visibility and accessibility near multifamily residential and retail.
  • Strong performing asset with a $82,000 NOI and a 5.66% cap rate.

Property Details for 5170 Reidsville Rd

Property type
Retail properties
Square Feet
2,464 SF
Year Built/Renovated
2000/2020
Lot Size (sq. ft)
52,272 SF

Location Insight

City
Walkertown
County
Forsyth
State
North Carolina
Latitude
36.1634789
Longitude
-80.1381698

FAQs

What type of property is this?
Retail property - High-Yield NNN Retail Investment
Where is the retail property located?
The property is located at 5170 Reidsville Rd Walkertown, NC.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Wendy's sale-leaseback opportunity in Walkertown, NC.; Triple-net (NNN) lease with no landlord responsibilities; 15-year term commencing December 1, 2024.; High-traffic location with excellent visibility and accessibility near multifamily residential and retail.
How can I contact the broker?
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5170 Reidsville Rd
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