Marketing Description
Single tenant investment property occupied by Wendy’s, with +/- 15 years remaining on the current NNN lease.
- ±3,043 SF building on ±1 Acre lot 108 Feet of frontage on Bridger Road
- 45 Parking spaces
- This location is scheduled for a Smart 2.0 Remodel in 2022
- Traffic: 12,639 (Whiteville Rd NW)
- The 2020 growth rate for Shallotte is 5.68% and since the 2010 census the population of Shallotte has grown by 28%
- Area beaches include Holden Beach, Ocean Isle and Oak Island
- Area retailers include Lowe’s, Bojangles, Best Western, KFC, and Planet Fun
- Contact Broker for Rent Schedule
Investment Highlights
- Cap rate: 5.25%
- NOI: $142,808
- Lease Term Remaining: +/- 15 years
- Rent bumps: 10% every 5 years
- Lease Type: NNN
