INVESTMENT OFFERING
SAB Capital is pleased to present Wendy’s in Charlotte, NC, the most populous city in North Carolina. The tenant currently has 14.5 years left in their absolute triple net (NNN) lease. The lease features 7.5% rent escalations every 5 years. The property has experienced a 24% increase in population growth within a 5-mile radius since 2010. The operator currently has 120 units and is growing.
- Wendy’s in Charlotte, NC | Most Populous City in North Carolina
- Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
- High Credit, Experienced Operator | Carolina Restaurant Group Operates Over 120 Wendy’s Locations
- Significant Lease Term Remaining | 14.5 Years Left in Base Term
- Explosive Local Population Growth | 24% Increase in 5 Mile Radius Since 2010
- Proven Long Term Location | Wendy’s Has Operated Here Since 2003
- Service Oriented Tenant | Protected Against Threat of E-Commerce to Brick and Mortar Retail
- Close Proximity to Interstate Highway | Directly Off of I-485
- Outparcel Location | Food Lion Sees Over 466,000 Visits Annually
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Wendy's | $2,665,127 | 5.50% | Absolute NNN | 3,251 | Available |
