Retail Space
949 North Wesleyan Boulevard Rocky Mount, NC 27804
Details & Description
Price: $4,616,766
    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 Sutters 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 house hold income exceeding $65,000 annually. This Wendys 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.
    Property Highlights
    Listing Agents
    Gabriel Britti

    O: 786-522-7017
    gabriel.britti@marcusmillichap.com
    Ronnie Issenberg
    Marcus & Millichap
    O: 786-522-7013
    ronnie.issenberg@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    949 North Wesleyan Boulevard

    Rocky Mount, NC 27804

    Wendys Very Strong Sales Signalized

    Listing ID: 275814
    • 949 North Wesleyan Boulevard Rocky Mount, NC 27804 | for Sale | Photo 1
    • 949 North Wesleyan Boulevard Rocky Mount, NC 27804 | for Sale | Photo 2
    • 949 North Wesleyan Boulevard Rocky Mount, NC 27804 | for Sale | Photo 3
    949 North Wesleyan Boulevard | for Sale | Thumbnail 1
    949 North Wesleyan Boulevard | for Sale | Thumbnail 2
    949 North Wesleyan Boulevard | for Sale | Thumbnail 3
    Building Size: 3,138 SF
    Lot Size: 0.950 AC
    Land Size: 41,382 SF
    Building $/SF: $1,471.24
    Land $/SF: $111.56
    Price
    $4,616,766
    Property Highlights
    Established Wendys Location with more than 13 Years Remaining on the Original 20 Yrs
    Very Strong Store Sales 63 Percent Above the National Average
    Sales and EBITDA Increased During Covid
    Strong 10 Percent Increases in Rent Every 5 Years During the Base Term
    Next Increase in 2024
    Absolute NNN Lease No Landlord Responsibilities
    Description

    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 Sutters 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 house hold income exceeding $65,000 annually. This Wendys 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.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
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    Rocky Mount Area Market Trends

    Listing Demographics for 949 North Wesleyan Boulevard Rocky Mount, NC 27804

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 949 North Wesleyan Boulevard in Rocky Mount?
    The asking price for 949 North Wesleyan Boulevard is $4,616,766
    What is the building size of this Retail property in Rocky Mount, NC?
    The size of the building/unit at 949 North Wesleyan Boulevard in Rocky Mount is 3,138 square feet
    How much land does the Rocky Mount, NC property at 949 North Wesleyan Boulevard include?
    949 North Wesleyan Boulevard in Rocky Mount includes 0.950 acres of land
    What kind of Retail is the property at 949 North Wesleyan Boulevard?
    The property at 949 North Wesleyan Boulevard Rocky Mount, NC 27804 is listed as a Food Service Retail property
    What is the population within 1 mile of 949 North Wesleyan Boulevard in Rocky Mount?
    The population within 1 mile of 949 North Wesleyan Boulevard Rocky Mount, NC 27804 is 2,455 people.
    Who do I contact for questions about 949 North Wesleyan Boulevard?
    You should contact the listing agent, Gabriel Britti, for any details regarding this commercial listing.

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