Single-Tenant Drive-Through
For Sale
Contact for pricing
200 Village Center Drive, Chapel Hill, NC 27516
Absolute NNN Wendy’s ground lease with 18.2 years remaining and 10% rent escalations every five years.
Property Size2,500 SF
Price / SF$1,000
Days on Market52
Property Features for 200 Village Center Drive
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$125,000
Building Details
Year Built
2024
Buildings
1
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License #IL 475.170243
Source:
Crexi
Added: Jul 8
Changed: Aug 25
Last Checked: Aug 25 at 11:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
JLL is pleased to offer the opportunity to acquire a single-tenant Wendy’s operating on an absolute NNN ground lease. The lease has approximately 18.2 years of primary term remaining, with 10% rent escalations every five years and three, five-year options.
The property is located at 200 Village Center Drive in Chapel Hill, North Carolina.
This is a dedicated, single-tenant restaurant asset structured as an absolute NNN ground lease, offering a defined primary term and scheduled rent increases under the existing lease terms.
The property is located at 200 Village Center Drive in Chapel Hill, North Carolina.
This is a dedicated, single-tenant restaurant asset structured as an absolute NNN ground lease, offering a defined primary term and scheduled rent increases under the existing lease terms.
Key Highlights
- Single‑tenant Wendy’s at 200 Village Center Drive, Chapel Hill, NC (absolute NNN ground lease)
- 2024 year built
- Absolute NNN ground lease has 18.2 years of primary term remaining
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 27516, NC
45,841
Population
18,684
Households
2.5
Avg Household Size
35
Median Age
72%
College-Educated
96%
High-School Grad
93.5 sq mi
ZIP Area
490
Density / Sq Mi
$100,788
Median Household Income
$48,638
Median Earnings
$1,446
Median Rent
$508,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN Wendy’s ground lease with 18.2 years remaining and 10% rent escalations every five years.
Where is this nnn property located?
The property is located at 200 Village Center Drive Chapel Hill, NC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Single‑tenant Wendy’s at 200 Village Center Drive, Chapel Hill, NC (absolute NNN ground lease); 2024 year built; Absolute NNN ground lease has 18.2 years of primary term remaining
