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Property summary
This exceptional investment opportunity presents a sale-leaseback of a Wendy's restaurant located at 1533 Freeway Dr., Reidsville, NC 27320. The property, built in 1997 and renovated in 2017, boasts a 15-year NNN lease commencing December 1, 2024, and expiring November 30, 2039, with four 5-year renewal options. The lease is with a top-performing Wendy's franchisee with a proven track record and extensive experience operating multiple locations across the US East Coast. The property enjoys a… strategic location on State Road 29, providing excellent visibility and accessibility. Its proximity to Lowe's Foods, a major grocery anchor, further enhances its appeal. The strong sales performance consistently exceeds market averages, contributing to a substantial net operating income (NOI) of $155,375 and a compelling 5.65% cap rate. The asking price is $2,750,000. This single-unit property offers a passive income stream with minimal landlord responsibilities, making it an attractive addition to any investment portfolio. This is one of six Wendy's locations available for sale, each offered separately. The franchisee has operated since 1988 and currently manages over 25 Wendy's restaurants across Virginia and North Carolina.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 11 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 3,284 SF
- Lot area
- 0.73 ac
- Year built
- 1997
- Stories
- 1
- APN
- 7994-15-52-6849-00
- Zoning
- HWY BUS RD COND USE
- Assessed value · 2023
- $806,849
- Annual tax · 2023
- $11,570
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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