Retail Business for Sale in Rocky Mount, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Rocky Mount, NC 27804

Description

Marcus & Millichap is pleased to present for sale this absolute net leased Wendy’s Restaurant with Drive Thru 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-acre parcel of land and is strategically located at the signalized intersection of North Wesleyan Boulevard and Sutter’s Creek Boulevard, with a combined daily traffic count exceeding 36,000 vehicles per day. The property benefits from close to more than 58,000 full-time residences with a household income exceeding $74,000 annually. As per Placer.AI this Wendy’s is in the top 9 percent of the Entire Wendy’s Chain and Top 5 percent in the State of North Carolina. There are currently over 9 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, McDonald's, Toyota, Lidl, Golden Corral, Big Lots, Rainbow, Joann, Subway, Verizon and Tractor Supply Co. among others. Wendy’s was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise “Quality is our Recipe.” Today Wendy’s Company is the world’s third largest quick-service hamburger, and its franchisees employ thousands of people across 7,000 restaurants worldwide and annual revenue exceeds $2.2B. Wendy’s is best known for made-to-order square hamburgers using fresh and never frozen beef, freshly prepared salads, chili, baked potatoes and the Frosty Dessert. Investment Highlights: • Top 9% in Performance in the Entire Wendy's Chain and Top 5% in the State of North Carolina as per Placer.AI • Long and Successful 25+ Year Operating History at this Location • Established Wendy's Location with more than 9+ Years Remaining on the Original 20 Year Lease • Absolute NNN Lease – No Landlord Responsibili

Market Context

This retail in Rocky Mount, NC is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Rocky Mount, NC — <a href="/search/sale/retail/north-carolina/rocky-mount">view the full market</a>.

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