4535 US Highway 70 W
Kinston, NC 28504
Retail Property For Sale

OUTPARCEL TO LOWE’S HOME IMPROVEMENT ON HIGHWAY 70 (24,000 VPD)
• The subject property is an outparcel to a Lowe’s Home Improvement and adjacent to a Walmart Supercenter on
Highway 70 (24,000 VPD).
• Additional surrounding retailers on this corridor include ALDI, Chick-fil-A, Goodwill, and multiple car
dealerships.
• This Wendy’s is also down the street from multiple industrial warehouses with over 3,000 employees including
an Amazon Warehouse.
RARE CORPORATE GUARNATEED WENDY’S
• This lease has a rare corporate Wendy’s guarantee.
• Wendy’s is one of the largest and most recognized quick-service restaurant brands in the world, with more than
7,000 locations globally and over 55 years of operating history.
• Wendy’s is publicly traded on the NASDAQ under the ticker WEN and maintains a nationally recognized brand
with substantial scale, infrastructure, and franchise support systems.
• Generated $14.0 billion in global systemwide sales in 2025, demonstrating the scale and staying power of the
brand across thousands of locations worldwide.
13.5 YEARS REMAINING ON NNN LEASE WITH 10% RENT INCREASES
• Wendy’s has been operating at this location since 2004 and signed a new 15 year lease in 2024 that expires in
December 2039.
• There are over 13 years remaining on the corporate guaranteed NNN lease with Wendy’s.
• The tenant is fully responsible for all responsibilities and expenses including Roof, Structure, Parking Lot, Taxes,
Insurance, HVAC, and Utilities.
• There are 100% no Landlord Responsibilities.
• 10% rent increases every 5 years in the initial lease term and options.
KINSTON | COUNT SEAT OF LENIOR COUNTY
• Kinston is the county seat of Lenoir County and is located in the coastal plains region of eastern North Carolina.
• Home to Lenoir Community College that has 2,693 students and 200 employees.
• Kinston is served by UNC Lenoir Health Care, a 261 bed hospital with over 100 physicians and 880 employees.
• Kinston Regional Jetport has one of the longest runways in the southeastern United States servicing 21,000 flight
operations per year.