Wendy's

3457 Five Chop Road, Orangeburg, SC 29115

$3,170,054

Cap Rate 5.50%

Views: 48 DOM: 103 Updated: 10.25.24 Posted: 09.09.24 Status: Active

Summary

Price $3,170,054	Built/Renov 2023	Tenant Wendy's
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,262	Lease Start 12-01-2023	#Units 125
Price/SF $1,401.44	Expiration 09-30-2043	Tenant Type Fast Food/QSR
NOI $174,353	R. Term 18.9	Ownership Fee Simple
Rent/SF $77.08	Increases 10.0%/4/yrs	Pop 5Mi 13,523
Lot/AC 1.94	Options 3/5yrs/10%	AHHI 5Mi $41,020

Todd Lewis

Secure Net Lease

Contact

Lease Highlights

New 2023 construction
Wendy’s has 18+ years remaining on the current lease term with 3 (5-year) options to extend
10% rental increases every 5 years throughout the primary term and option periods
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by Carolina Restaurant Group (125 units backed)

Location Description

Wendy's is strategically located on Five Chop Road, with access to 19,324 vehicles passing by daily. The property is conveniently situated just off Interstate 26, which sees 56,000 VPD, and benefits from prominent interstate pylon signage. Additionally, it is 7 miles from South Carolina State University and Orangeburg Municipal Airport. The immediate area features well-known national tenants...

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Key Features

New construction
Dense retail corridor
Near major nationals
Freeway close
Strong tenant synergy
Top 100 MSA
Brand new lease
Long 20+ yr lease
Absolute NNN
100+ unit franchisee backed

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Links

Wendy's Wikipedia Wendy's Wikipedia Orangeburg, South Carolina Zip Code 29115 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Wendy's
Guarantor:Franchisee
Company:Carolina Restaurant Group
# Units:125
Tenant S&P: B+
Moody’s: B3
Stock: NASDAQ: WEN

About Tenant

Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company and its subsidiaries operate as a quick-service restaurant...

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Listing Broker

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