400 Old Franklin Tpke Rocky Mount, VA 24151-5857

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.