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    Property profile & analytics
    OFF-MARKET Estimated value $1,520,000
    Drive through restaurants

    5170 Reidsville Rd, Walkertown, NC 27051-9770

    3,737 SF 1.13 ac lot Built 2003
    Individually Owned Free & Clear
    Property ID
    US53-1231227
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 2003
    Construction STEEL FRAME
    Total area 3,737 SF
    Lot 1.13 ac (49,223 SF)
    Zoning code HB-S
    APN 6868-40-0312.00
    UPID US53-1231227
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Wendy's Restaurant Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.52M
    Owner & transaction history
    Edward D Waite And Dana R Waite Tru
    Edward D Waite And Dana R Waite Tru
    since 2025
    Last sale
    $1.6M
    4 recorded transactions
    2025
    $1.6M
    2022
    2007
    1969
    Zoning & alternative use
    HB-S · Walkertown, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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