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Wendy's 7471 Richlands Hwy

2,465 SF Retail Building Richlands, NC 28574 £2,284,042 (£927/SF) 5.50% Net Initial Yield

Investment Highlights

  • 20-Year Absolute NNN Lease
  • Strong unit-level sales
  • 127-Unit Operator

Executive Summary

Vestian has been retained by ownership as the exclusive advisors to offer for sale the Wendy’s restaurant (The “Property”) located at 7471 Richlands Highway, Richlands, NC. The Property is subject to a 20-year absolute net lease expiring December 31st, 2044. The operator of the unit is Carolina Restaurant Group (CRG). CRG operates 127 Wendy’s units mainly in North and South Carolina

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,465 SF
Year Built
2023
Price
£2,284,042
Price Per SF
£927
Net Initial Yield
5.50%
NOI
£125,622
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
1.00 AC
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Nearby Major Retailers

First Citizens Bank
Piggly Wiggly
Costa
PNC Bank
Food Lion

PROPERTY TAXES

Parcel Number 203A-5 Improvements Assessment £232,669
Land Assessment £390,083 Total Assessment £622,752

PROPERTY TAXES

Parcel Number
203A-5
Land Assessment
£390,083
Improvements Assessment
£232,669
Total Assessment
£622,752
(312) 600-6368

Contacts

  • Listing ID: 33671582

  • Date on Market: 29/10/2024

  • Last Updated:

  • Address: 7471 Richlands Hwy, Richlands, NC 28574

The Retail Property at 7471 Richlands Hwy, Richlands, NC 28574 is currently available for sale. Contact Vestian for more information.

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© 2024 CoStar Group

Wendy's | 7471 Richlands Hwy
(312) 600-6368 x

Wendy's | 7471 Richlands Hwy

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Michael Morgret

(312) 600-6368

(312) 600-6368

Greg Krzysko

(312) 961-6792

(312) 961-6792

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