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Wendy's - High Point, NC 2710 S Main St

4,206 SF Retail Building High Point, NC 27263 £1,328,264 (£316/SF) 5.75% Net Initial Yield

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Investment Highlights

Wendy’s Hamburger Restaurant Located at 2710 S. Main Street in High Point, North Carolina (Population 114,059)
Attractive 10% Rent Increases Every 5 Years
Located on Main Retail Corridor with Visibility to more than 21,717 Vehicles Per Day | Across From Walmart

10 Year Remaining on Absolute NNN Lease | No Landlord Responsibilities
Incredible Demographics | 93,652 Residents in Immediate Trade Area with Average Household Income Exceeding $64,039
Numerous Shopping Centers Nearby Including Southwood Square Shopping Center, East Green Plaza, Tarheel Plaza, Westchester Center, Westchester Commons

Executive Summary

Marcus & Millichap is pleased to present for sale this Wendy’s Hamburger Restaurant located at 2710 S. Main Street in High Point, North Carolina. High Point is a city in the Piedmont Region of North Carolina with a population over 114,059. High Point is the third-largest municipality in the Piedmont Triad with major industries including furniture, textiles, and bus manufacturing. It’s official slogan is “North Carolina’s International City” due to the semi-annual High Point Furniture Market which attracts 100,000 exhibitors from all over the world.
Numerous apartment complexes surround this Wendy’s including Highland Ridge Apartment Homes, Creekside at Bellemeade Apartments, William Booth Garden Apartments, Swathmore Court Apartments, Eastgate Village Condos, and Brookwood Apartments.
Brand new home developments in the area include Spring Brook Meadows Homes, Ridge Pointe by D. R. Horton (56 Building Lots), Bellawood Subdivision, and Royal Pines by Keystone Homes (213 Lots).
Colleges and universities nearby include Guilford Technical Community College (3,546 Full Time Students and 6,521 Part-time Students), High Point University (4,951 Enrolled Students), Congdon School of Health Sciences and Earl Phillips School of Business.
Shopping Centers nearby include Southwood Square Shopping Center, East Green Plaza, Tarheel Plaza, Westchester Center, Westchester Commons and College Village Shopping Center.
The Wendy’s Company is an American parent company for the major fast food chain Wendy’s. The company’s principal subsidiary, Wendy’s International, is the franchisor of Wendy’s restaurants. Wendy’s has 5,938 United States locations, 1,006 International locations for a total of 6,949. Revenue in 2022 was US $2.095 Billion.

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