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Property summary
This exceptional investment opportunity presents a fee-simple Wendy's franchise location in Florence, South Carolina, boasting a new 20-year absolute triple-net (NNN) lease commencing September 16, 2024, and expiring September 29, 2044, with two 5-year renewal options. The property, built in 1996 and renovated in 2025, encompasses 2,058 square feet on a 1.39-acre lot. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $101,000 annually,… representing a 5.75% cap rate. The lease includes a favorable 2% annual rent increase, minimizing landlord responsibilities and ensuring consistent income growth. Strategically located at 4010 E Palmetto St, Florence, SC 29506, this high-visibility site benefits from a prominent position on a major commuter thoroughfare with high daily traffic volume (E. Palmetto St: 20,600 VPD; Freedom Blvd: 7,900 VPD). The property's proximity to significant retail establishments, including Food Lion, Bojangles, Burger King, Circle K, and O'Reilly Auto Parts, further enhances its appeal. Its location near major medical facilities, such as McLeod Medical Park Pavilion and MUSC Health Florence Medical Center, contributes to a robust and growing local economy. Florence's strong economic health, with an employment rate exceeding 97.4%, underscores the investment's stability and potential for long-term appreciation. The property is situated directly in front of a 106-home residential community, providing a built-in customer base. This Wendy's location, part of a top-5 US quick-service restaurant chain, offers a compelling combination of strong brand recognition, secure lease terms, and a prime location within a thriving market. The asking price is $1,757,000.
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 · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
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
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.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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.
Registration is required before any owner information is shown.
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