Fully Leased Former Wendy's Restaurant For Sale

Investment Overview

Presenting a stabilized, income-producing investment, 413 West Main Street offers a 2,694 SF freestanding restaurant/retail asset with a new 5-year lease and renewal options, delivering immediate cash flow and 3% annual rent escalations for built-in NOI growth. The property has been extensively upgraded (2022 renovation + 2026 improvements), minimizing near-term capital needs. Located in Havelock near MCAS Cherry Point, the asset benefits from strong local demand, high visibility, and ample parking (±16/1,000 SF)—positioning it as a turnkey acquisition for investors seeking to deploy capital quickly.

Investment Highlights

• - 2,694 SF building ideally suited for restaurant or retail use.
• - Extensively upgraded asset– renovated in 2022 with additional capital improvements completed in 2026, including expanded cooking area, exhaust hoods, and optimized interior layout
• - New tenant in place with a 5 year lease and renewal options, providing near-term income stability with long-term upside.
• - Built in rent growth with 3% annual escalations, offering predictable NOI increases.
• - Zoned HC for Highway Commercial - allowing for a wide range of retail and restaurant uses.
• - Strategically located in Havelock, a growing market supported by MCAS Cherry Point and steady year-round demand.
• - Ample on-site parking (±16 spaces per 1,000 SF), exceeding typical restaurant requirements and supporting high-volume operators.
• - High-visibility, high-traffic corridor location, offering strong exposure and accessibility for sustained tenant performance