4805 W Market St Greensboro, NC 27401
Restaurant property with a long-term absolute NNN lease.
Property size:
2,949 SFLot size:
0.83 AcresProperty Features for 4805 W Market St
General Information
- Size
- 2,949 SF
- Lot size
- 0.83 Acres
Source:
Moodyscre
Listing Agent: Richard Brehaut
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Restaurant Property with Strong Franchisee
This restaurant property is operated by Uncommon Hospitality under a long-term absolute NNN lease guaranteed by Meritage Hospitality Group, a publicly traded Wendy’s restaurant franchisee. As of September 29, 2024, Meritage operated 376 Wendy’s quick-service restaurants under franchise agreements with The Wendy’s Company. These Wendy’s locations are distributed across multiple states, including Arkansas (8), Connecticut (32), Florida (59), Georgia (51), Indiana (12), Massachusetts (13), Michigan (57), Mississippi (8), Missouri (3), North Carolina (24), Ohio (15), Oklahoma (28), South Carolina (1), Tennessee (34), Texas (16), and Virginia (15). The tenant operates at this location on a rent of $29.84 per square foot, which is approximately 50% below market rent.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Wendy's
Fast Food Restaurant
Location Insight
- Map
- Local Demand
- City
- Greensboro
- County
- Guilford
- State
- North Carolina
- Longitude
- -79.8702779
- Latitude
- 36.0689871
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Restaurant property with a long-term absolute NNN lease.
Where is this drive through restaurant located?
The property is located at 4805 W Market St Greensboro, NC.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: - Absolute NNN lease guaranteed by Meritage Hospitality Group (OCTQX: MHGU); - Rent is $29.84 PSF, approximately 50% below market rate; - Operated by Uncommon Hospitality