2735 Reynolda RdWinston-Salem, NC 27106

Property Details for 2735 Reynolda Rd

Year built

1994

Construction

WOOD

Lot size

0.90 AC

Property size (Sq ft)

3,106 SF

Zone code

HB-S

Property type

Drive through restaurants

APN

6817-73-0220.00

APU

681773022000

Description

This exceptional investment opportunity presents a 3,177 square foot Wendy's restaurant located at 2735 Reynolda Rd, Winston-Salem, NC 27106. The property sits on a 0.9-acre lot with 43 parking spaces and boasts excellent visibility from Reynolda Road, which sees 30,000 vehicles per day. The property is situated approximately one mile from Wake Forest University, benefiting from a large student population of 9,121. The building, constructed in 1994 and renovated in 2018, is currently operating at 100% occupancy under a 20-year absolute NNN lease with approximately 9.6 years remaining. The lease commenced July 13, 2014, and expires July 13, 2034, featuring four, 5-year lease options and 10% rent increases every five years. The current annual net operating income (NOI) is $142,238, resulting in a 6.25% cap rate. The asking price is $2,276,000. The tenant is a franchisee operating under the Meritage Hospitality Group, a leading franchise owner-operator/developer with approximately 390 Wendy's locations across 16 states. This location benefits from its proximity to Reynolda Manor Shopping Center, anchored by Lowe's Foods, Pet Supplies Plus, and Planet Fitness, and is within walking distance of numerous national tenants. The area is densely populated, with over 58,100 residents within a 3-mile radius and an average household income exceeding $101,800. The lease is guaranteed by Uncommon Hospitality, LLC, managing approximately 25 units, a subsidiary of Meritage Hospitality Group. This is a passive investment opportunity with zero landlord responsibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $422,055

  6.5%

  $389,590

  7%

  $361,762

• Comparable approach

  Method

  Valuation

  Relative Method

  $410,024

  Geo Method

  $547,009

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $795,482

  Mixed-Use / Specialty

  $373,757

  Hospitality / Lodging

  $255,408

  Office

  $356,492

  Institutional / Educational

  $383,394

  Residential Income

  $448,571

  Multifamily

  $618,066

  Automotive / Energy

  $328,624

  Parking / Income-Based Land

  $127,674

  Restaurant / Food Service

  $163,568

  Healthcare / Senior Housing

  $398,093

Location Insight

City

Winston Salem

County

Forsyth

State

North Carolina

Latitude

36.1423

Longitude

-80.2971

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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