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    4805 W Market St Greensboro, NC 27401

    For Sale
    $1,650,000

    Restaurant property with a long-term absolute NNN lease.

    Property size:
    2,949 SF
    Lot size:
    0.83 Acres

    Property Features for 4805 W Market St

    General Information

    Size
    2,949 SF
    Lot size
    0.83 Acres

    Source: CBRE - El Segundo 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

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.8702779
    Latitude
    36.0689871

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    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
    (909) 560-3010
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    Greensboro, NC 27401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4805 W Market St Greensboro, NC 27401
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