Property summary
Exceptional investment opportunity: a Wendy's sale-leaseback in Rocky Mount, Virginia. This 3,222 square foot, single-tenant property sits on a 0.91-acre lot at 400 Old Franklin Turnpike, Suite 125, zip code 24151. Built in 2000 and renovated in 2017, the property boasts a strong 5.65% cap rate and a substantial net operating income (NOI) of $144,075. The asking price is $2,550,000, translating to $791.43 per square foot. The property features a 15-year NNN lease commencing December 1, 2024,… and expiring November 30, 2039, with four 5-year renewal options. The tenant is a highly creditworthy Wendy's franchisee with a proven track record and extensive experience operating multiple Wendy's locations across the US East Coast since 1988. This is a single-unit investment, part of a larger portfolio, offering significant rental increases every five years. The property enjoys excellent visibility and accessibility, situated near major roadways, businesses, and schools, including Walmart, Lowe's, McDonald's, and Bojangles. This sale-leaseback presents a compelling opportunity for passive income generation with minimal landlord responsibilities. The property's location ensures strong sales and consistent cash flow.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Sep 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 recent transactions · within 1.5 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Official district profile
This district covers that portion of the community intended for the conduct of general business to which the public requires direct and frequent access and is characterized by heavy traffic, and noise and congestion of p…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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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.
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