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Wendy's 1533 Freeway Dr 2,790 SF Retail Building Reidsville, NC 27320 $3,411,747 CAD ($1,222.85 CAD/SF) 6.15% Cap Rate
Investment Highlights
- Long Operating History
- High Visibility & Frontage
- Outparcel to Lowe’s Foods
- Surrounded by Premier Retail & Essential Services
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 1533 Freeway Dr, Reidsville, NC 27320. The site consists of roughly 2,790 rentable square feet of building space on an estimated 0.80-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 9/4/2025. The current annual rent is $153,486 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,790 SF
Building Class
B
Year Built
1997
Price
$3,411,747 CAD
Price Per SF
$1,222.85 CAD
Cap Rate
6.15%
NOI
$209,823 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.80 AC
Zoning
HWY BUS RD
Frontage
163’ on Freeway Dr
Amenities
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 143074 | Improvements Assessment | $768,993 CAD |
| Land Assessment | $428,561 CAD | Total Assessment | $1,197,554 CAD |
Property Taxes
Parcel Number
143074
Land Assessment
$428,561 CAD
Improvements Assessment
$768,993 CAD
Total Assessment
$1,197,554 CAD
Contacts
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Amelia Haydock -
Andrew Darby -
Christopher Marks -
Surmount
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Wendy's | 1533 Freeway Dr
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