•Absolute NNN Ground Lease
•Initial Term and All Options Guaranteed By Wendy's International
•Experienced Multi-Unit Operator
• Well Established Location
• Overage Rent Provisions
•Located on the corner of Interstate 85 & Highway 8 |
The subject property is a franchisee operated Wendy's located with the initial term and all extensions guaranteed by Wendy's International. Base rent is currently $54,751 per year. The lease includes provisions for overage rent, although the breakpoints have not yet been reached.
At the corner of Interstate 85 and Highway 8 (Cotton Grove Road), Lexington , North Carolina, the subject property consists of a 3077 square foot free standing, brick building located on approximately .86 acres, with excellent visibility. Within the general retail district of Lexington, other restaurants in the area are: Kentucky Fried Chicken, Taco Bell, Burger King, Arby's, Zaxby's, Golden Corral, Cracker Barrel and Applebees. A new Walgreens, scheduled to open in 2010, is within 1 mile of the subject property
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