16 Triad Wendy’s restaurants are for sale. Here's where they are
Send this to a friend
15 photos
- Catherine Carlock
- Reporter- Triad Business Journal
- Email | Twitter | Google+ | LinkedIn
Marcus & Millichap has the exclusive $48 million listing of 19 Wendy's restaurants in North Carolina and Virginia, 16 of which are in the Triad.
The properties are listed for sale together or separately, according to the Calabasas, Calif.-based Marcus & Millichap (NYSE: MMI).
The seller is Wenstar Properties, a subsidiary of Memphis, Tenn.-based Carlisle Corp., according to county records.
The portfolio will be marketed by Ronnie Issenberg, Gabriel Britti and Roee Ben-Moshe in Marcus & Millichap's Miami office. Marcus & Millichap's broker of record in North Carolina James Allen Smith.
"Due to the popularity of quick-service restaurants, cap rates for this investment class are at generationally low levels," Britti said. "We are also seeing a trend wherein franchise-guaranteed properties are beginning to rival corporate-backed properties."
The Wendy's properties have new 20-year leases that include 10 percent rent increases every five years. The Triad properties included in the listing are:
- 147 N.C. Highway 801, Advance
- 1 Cloninger Ave., Thomasville
- 3182 Peters Creek Parkway, Winston-Salem
- 2735 Reynolda Road, Winston-Salem
- 5457 Gumtree Road, Winston-Salem
- 3007 Waughtown St., Winston-Salem
- 1468 N.C. Highway 66 South. Kernersville
- 6400 Sessions Court, Clemmons
- 1429 Lewisville-Clemmons Road, Clemmons
- 3103 Sands Drive, Greensboro
- 1500 W. Lee St., Greensboro
- 3710 Battleground Plaza, Greensboro
- 3705 Elmsley Court, Greensboro
- 2619 NC Highway 68 South, High Point
- 2710 South Main Street, High Point
- 1515 E. Dixie Dr., Asheboro
Catherine Carlock covers commercial and residential real estate, construction, economic development and retailing and restaurants. Contact her at 336-370-2918.
Most Popular
- Most popular
- Emailed
- Mobile
- Chris Daughtry sells Oak Ridge estate to FFF Enterprises CEO for $2.3M
- Old Irving Park home in Greensboro sells for $3.3M
- NASCAR’s Kevin Harvick sells Oak Ridge land for $3.2M
- These are the most popular Halloween costumes for 2014: SLIDESHOW
- You might see the Antares rocket flying over the Triad tonight
- Who earns how much in Guilford County government? A look at salaries
- Who earns how much in Forsyth County government? A look at salaries
- How much is Nido Qubein worth to High Point University?
- Replacements CEO 'elated' about same-sex marriage decision
- Developer Marty Kotis is amassing a mini-empire along one of
Email Subscriptions
Sign up to receive Triad Business Journal's Morning Edition and Afternoon Edition newsletters and breaking news alerts.
Sponsored by
People on the Move
-
Schedule It
-
Kilpatrick Townsend & Stockton
-
Brown Investment Properties
-
Smith Moore Leatherwood LLP
-
Wayne Automatic Fire Sprinklers, Inc.
-
Brady
-
Home Mortgage Consultant Piedmont Advantage Credit Union | Winston Salem, NC -
Branch & Community Development Manager Piedmont Advantage CU | Winston Salem, NC -
Client Service Representative Graphic Visual Solutions | Greensboro, NC -
Executive Assistant Piedmont Advantage CU | Winston Salem, NC -
Director of Engineering & Environmental Services Durham County, NC | Durham, NC
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.