Wendy's 10012 Dorchester Rd 3,255 SF Retail Building Summerville, SC 29485 $3,392,086 CAD ($1,042.12 CAD/SF) 5.35% Cap Rate

Marcus & Millichap is pleased to present for sale this Wendy’s Hamburger Restaurant, located at 10012 Dorchester Road in Summerville, South Carolina. The property features a recently fully remodeled 2,884-square-foot freestanding building with a drive-thru, situated on a 0.68-acre parcel offering excellent frontage and accessibility.
Located adjacent to a hard signalized intersection with traffic counts exceeding 69,812 vehicles per day, the property benefits from exceptional visibility and strong daily consumer exposure. It sits in an affluent and rapidly growing area, with average household incomes exceeding $91,000 within a 3-mile radius and $93,000 within 5 miles. Adjacent to a high-performing Lowe’s Foods that attracts over 607,000 annual visitors, and just down the road from a Walmart drawing more than 2.3 million annual visitors, the site is positioned in a thriving retail corridor with proven foot traffic and demand.
Strategically located within a dense residential area, the property is surrounded by a mix of established apartment communities—such as MAA Waters Edge, Oakbrook Village, and Summerville Station—and newly developed neighborhoods including Limehouse Village and Crescent Cove. The area continues to experience strong population growth, driven by its proximity to major employers, schools, and lifestyle amenities. Summerville is a fast-growing suburb of Charleston, offering a strong consumer base and a desirable quality of life.
The property is operated by WENJAI Restaurant Group, a seasoned Wendy’s franchisee with more than 76 units across its portfolio. The lease is structured as Absolute NNN, providing zero landlord responsibilities, and includes 7.5% rent increases every five years throughout the base term and option periods. With 20 years of base term remaining and five 5-year renewal options, the investment offers stable, long-term cash flow and built-in rent growth.
Wendy’s is one of the world’s most recognized quick-service restaurant (QSR) brands, known for its made-to-order square hamburgers, fresh, never frozen beef, and iconic menu items like the Frosty dessert. Founded by Dave Thomas in 1969, Wendy’s has grown to over 7,000 restaurants worldwide and generates more than $2.2 billion in annual revenue.