Wendy's NNN — Chapel Hill, NC

Updated July 18, 2026

$2,500,000 · 5.00% CAP · 18 YRS

2024-built Wendy's ground lease in Chapel Hill guaranteed by one of the brand's larger franchise operators, with about 18 years to run. Rent moves 10% every five years across three 5-year options.

Lease Abstract

Price

$2,500,000

Cap rate

5.00% CAP

NOI

$125,000

Term remaining

18 YRS

Lease type

Absolute NNN Ground Lease

Increases

10% every 5 years

Options

3 x 5 Years

Guarantee

Franchisee

Building

2,500 SF

Lot

1.07 AC

Year built

2024

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

2,500 SF building, built 2024, 1.07 acres of land. Ground lease priced at $2,336,449 per acre. Rent increases: 10% every 5 years. Renewal options: 3 x 5 Years. Franchisee guarantee. Primary term ends around 2044 (18 yrs left at listing, Jul 2026).

Location

Chapel Hill, North Carolina. Full address and offering memorandum released on request — see our Wendy's tenant guide and the North Carolina market page for the underwriting context.