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Wendy's (Dark) | 13+yrs Remain Abs NNN 7920 Cambridge Commons Dr 3,251 SF Retail Building Charlotte, NC 28215 $2,727,628 CAD ($839.01 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Dark QSR Location with over 13 years remaining on the lease obligation
- The property is a high-visibility outparcel in a Food Lion anchored center, alongside national/credit co-tenant BP
- The 5-mile trade area includes more than 125,000 residents and 19,000 employees, with an average household income over $109,000 supporting strong reta
- Prime opportunity for redevelopment or for a QSR owner user
- Directly across from Abberly Commons, a new apartment development featuring 287 planned units, enhancing long-term foot traffic
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest in an absolute NNN leased Wendy’s property located in Charlotte, North Carolina. Though the store is currently dark, the corporate tenant remains fully bound to its lease obligation with over 13 years remaining on the primary term. The lease features 7.5% rental increases every 5 years, providing steady NOI growth and a reliable hedge against inflation. With the tenant responsible for taxes, insurance, CAM, and maintenance, the property offers a passive, management-free investment with strong repositioning or backfill upside.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,251 SF
Building Class
B
Year Built
2003
Price
$2,727,628 CAD
Price Per SF
$839.01 CAD
Cap Rate
7.50%
NOI
$204,615 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.02 AC
Zoning
B-1(CD) - Neighborhood Business District - Conditional District
Parking
36 Spaces (11.07 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Restaurant
- Drive Thru
- Monument Signage
PROPERTY TAXES
| Parcel Number | 111-074-27 | Improvements Assessment | $1,072,340 CAD |
| Land Assessment | $987,771 CAD | Total Assessment | $2,060,111 CAD |
PROPERTY TAXES
Parcel Number
111-074-27
Land Assessment
$987,771 CAD
Improvements Assessment
$1,072,340 CAD
Total Assessment
$2,060,111 CAD
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Wendy's (Dark) | 13+yrs Remain Abs NNN | 7920 Cambridge Commons Dr
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