2710 Main St, High Point, NC 27265-2825
- Retail space
- 161,377 SF
- 16.36 lot acres
Current Use by Public Records
- Minute Key / Locksmith / (Bike/Boat/Book/etc) Store
- Walmart Patio & Garden Services / Landscaping / General Contractor
- Walmart Bakery / Bakery / Specialty Food Shop
- Woodforest National Bank ATM / Atm
- Walmart Home Theater Installation / Electrical Service / General Contractor
Property Details for 2710 Main St
- Year built
- 1991
- Construction
- FRAME
- Lot size
- 16.36 lot acres
- Zone code
- CU-SC
- Property type
- Retail space
- APN
- 197798
- APU
- 197798
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 5, 2026 | — | Sba Towers X LLC | Wal Mart Real Estate Business Trust | Deed | — |
| Nov 21, 2024 | — | Schmtdt Holdings Nc LLC | Union Boiler Works INC | Deed | — |
| Nov 7, 2024 | $1,655,000 | Schmidt Holdings Nc LLC | Union Boiler Works INC | Special Warranty Deed | — |
| Aug 19, 2024 | — | Wal Mart Real Estate Business Trust | Retail Trust III | Special Warranty Deed | — |
Description
This exceptional investment opportunity presents a fee-simple ownership of a Wendy's fast-food restaurant located at 2710 S Main St, High Point, NC 27263. The property boasts a 4,206 square-foot building constructed in 2008 on a 1.13-acre lot. Currently operating under a 20-year absolute NNN lease with a franchisee tenant, the lease commenced on July 13, 2014, and expires on July 12, 2034, leaving approximately 9.6 years remaining. The lease includes attractive 10% rent increases every five years, ensuring consistent income growth. The property enjoys a 100% occupancy rate since its opening date, July 13, 2014, generating a substantial net operating income (NOI) of $96,800, representing a 5.75% cap rate on the asking price of $1,683,478 ($400.26 per square foot). The property benefits from its prime location on a major retail corridor, experiencing high daily traffic exceeding 21,717 vehicles. Its proximity to a Walmart and numerous apartment complexes, new home developments, and educational institutions further enhances its value and potential for long-term growth. The surrounding area boasts a strong demographic profile, with over 93,652 residents in the immediate trade area and an average household income exceeding $64,039. The lease includes four five-year renewal options. This is a rare opportunity to acquire a well-established, high-performing Wendy's location with a secure, long-term lease and significant upside potential.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $11,280,000
Market price range: $9.94M - $41.1M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- High Point
- County
- Guilford
- State
- North Carolina
- Longitude
- -80.0292
- Latitude
- 35.9945
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
