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Wendy's 400 Old Franklin Tpke 2,695 SF Retail Building Rocky Mount, VA 24151 $3,284,583 CAD ($1,218.77 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Outparcel to Kroger The subject property is an outparcel to a large Kroger, which draws more than 787K visits annually (According to Placer AI)
- Surrounded by Premier Retail & Essential Services
- Excellent Visibility of Major Corridor The site sits directly off of Old Franklin Turnpike, a heavily traveled retail artery
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Wendy's located at 400 Old Franklin Turnpike STE 125, Rocky Mount, VA 24151. The site consists of roughly 2,695 rentable square feet of building space on an estimated 0.91-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 $129,414 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,695 SF
Building Class
C
Year Built
2000
Price
$3,284,583 CAD
Price Per SF
$1,218.77 CAD
Cap Rate
5.50%
NOI
$180,652 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.91 AC
Zoning
GB
Frontage
126’ on Old Franklin Tpke
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2030007801 | Improvements Assessment | $980,767 CAD |
| Land Assessment | $833,182 CAD | Total Assessment | $1,813,950 CAD |
PROPERTY TAXES
Parcel Number
2030007801
Land Assessment
$833,182 CAD
Improvements Assessment
$980,767 CAD
Total Assessment
$1,813,950 CAD
CONTACTS
-
Matthew Anuszkiewicz -
Amelia Haydock -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
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Wendy's | 400 Old Franklin Tpke
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