1533 Fwy Dr Reidsville, NC 27320-7106
- Drive through restaurants
- 3,284 SF
- 0.73 lot acres
Current Use by Public Records
- Wendy's / Fast Food Restaurant / Hamburger Restaurant
Property Details for 1533 Fwy Dr
- Year built
- 1997
- Lot size
- 0.73 lot acres
- Property size
- 3,284 SF
- Zone code
- HWY BUS RD COND USE
- Property type
- Drive through restaurants
- APN
- 7994-15-52-6849-00
- APU
- 79941552684900
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reidsville
- County
- Rockingham
- State
- North Carolina
- Longitude
- -79.6937
- Latitude
- 36.3386
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
