Wendy's 949 N Wesleyan Blvd

Marcus & Millichap is pleased to present for sale this absolute net leased, recently remodeled Wendy’s located at 949 North Wesleyan Boulevard in Rocky Mount, North Carolina. The subject property consists of a 3,138 square foot restaurant, with drive up window and ample parking on a large 0.95-acreparcel of land and is strategically located at the signalized intersection of North Wesleyan Boulevard and Sutter’s Creek Boulevard, with a combined daily traffic counts exceeding 36,000 vehicles per day.
The property benefits from close to more than 58,000 full time residences with a household income exceeding $65,000 annually. This Wendy’s boasts very strong, year-over-year increasing sales which exceed the national average by $1 Million.
There are currently over 13 years remaining on the original 20 Year lease with 10 percent increases every five years, including the four five-year option periods.
There are numerous National and Regional retailers in the immediate area including Target, Starbucks, Walmart, Red Lobster, McDonalds, Toyota, Lidl, Golden Corral, Big Lots, Rainbow, Joann, Subway, Verizon and Tractor Supply Co. among others.
Wendy’s is an international fast- food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio. As of January 2019, there were a total of 6,711 locations, including 353 that are company-owned. 6,356 restaurants are franchised and 77 percent of them are located in North America. (In 2016, Wendy’s was the world’s third largest hamburger fast-food chain, following Burger King’s 12,000 plus locations and McDonald’s with 31,000 plus locations.