5170 Reidsville Rd Walkertown, NC 27051-9770

Property Details for 5170 Reidsville Rd

Year built

2003

Construction

STEEL FRAME

Lot size

1.13 lot acres

Property size

3,737 SF

Zone code

HB-S

Property type

Drive through restaurants

APN

6868-40-0312.00

APU

686840031200

Description

This exceptional investment opportunity presents a sale-leaseback of a Wendy's restaurant located at 5170 Reidsville Rd, Walkertown, NC 27051. The property, built in 2000 and renovated in 2020, boasts 2,464 square feet on a 1.2-acre lot. The current lease, a triple-net (NNN) agreement, commenced December 1, 2024, and expires November 30, 2039, offering long-term stability. The property generates a strong net operating income (NOI) of $82,000, resulting in a compelling 5.66% cap rate. The asking price is $1,450,000. This Wendy's is operated by a highly successful franchisee with a proven track record, owning over 25 locations across Virginia and North Carolina. The location benefits from high visibility and accessibility, situated along a major highway and in close proximity to multifamily residential areas and major retailers. This is one of six Wendy's properties available for sale, each offered individually. The franchisee's established presence and the strong performance of this particular location make this a highly attractive investment opportunity with significant potential for long-term returns. The property's strategic location and the strength of the Wendy's brand contribute to its enduring value and consistent cash flow. This is a rare chance to acquire a well-performing, established retail property with a secure, long-term lease.

Location Insight

City

Walkertown

County

Forsyth

State

North Carolina

Longitude

-80.1382

Latitude

36.1635

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments