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Wendy's 2419 W Franklin Blvd 2,984 SF Retail Building Gastonia, NC 28052 $4,095,089 CAD ($1,372.35 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Strong Franchisee Backing
- Excellent Visibility & Access
- Compounding Inflation Hedge – 2% Annual Increases
- Dense and Growing Trade Area
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 2419 West Franklin Boulevard, Gastonia, NC 28052. The site consists of roughly 2,984 rentable square feet of building space on an estimated 1.33-acre parcel of land. Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 1/1/2021. The current annual rent is $171,409 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,984 SF
Building Class
B
Year Built
2020
Price
$4,095,089 CAD
Price Per SF
$1,372.35 CAD
Cap Rate
5.75%
NOI
$235,470 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.33 AC
Zoning
REST1
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 106772 | Improvements Assessment | $739,918 CAD |
| Land Assessment | $780,608 CAD | Total Assessment | $1,520,527 CAD |
Property Taxes
Parcel Number
106772
Land Assessment
$780,608 CAD
Improvements Assessment
$739,918 CAD
Total Assessment
$1,520,527 CAD
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Wendy's | 2419 W Franklin Blvd
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