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Wendy's | Part of 14 Property Portfolio 102 Crossing Way 3,419 SF Retail Building Staunton, VA 24401 $2,020,769 ($591.04/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Outparcel Location Adjacent to New Hotels
- Dense National Retail Corridor
- Strong Growth Corridor with New Development
- Excellent Visibility on Major Corridor
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Wendy's located at 102 Crossing Way, Staunton, VA 24101. The site consists of roughly 3,358 rentable square feet of building space on an estimated 0.75-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 9/4/2025. The current annual rent is $111,142 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,419 SF
Building Class
B
Year Built
2022
Price
$2,020,769
Price Per SF
$591.04
Cap Rate
5.50%
NOI
$111,142
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.75 AC
Zoning
B2
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 101304 | Improvements Assessment | $0 |
| Land Assessment | $884,400 | Total Assessment | $884,400 |
PROPERTY TAXES
Parcel Number
101304
Land Assessment
$884,400
Improvements Assessment
$0
Total Assessment
$884,400
CONTACTS
-
Matthew Anuszkiewicz -
Amelia Haydock -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
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Wendy's | Part of 14 Property Portfolio | 102 Crossing Way
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