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105 Jackson Rd SW
Wise, VA 24293
Wendy’s: 14+ Years on Absolute NNN Lse · Retail Property For Sale
PROPERTY FACTS
ABOUT 105 JACKSON RD SW , WISE, VA 24293
Wendy’s has 14+ years remaining on a 20 year Absolute NNN lease with 7% rental escalations every 5 years and four five-year renewal options. The tenant, Wendwise Corp. is an experienced three-unit Wendy’s franchisee. The subject location has been successfully open and operating for decades, with a 9.60% rent-to-sales ratio and is fully remodeled (+/- $700,000 spent) showing the tenants commitment to the site! Wendy’s is located in Wise, Virginia just off Highway 23 in the main retail corridor with excellent drive-by visbility! Nearby retailers to this asset include Peebles, Save-A-Lot & Tractor Supply Co.; nearby retailers include Lowe’s Home Improvement, Walmart Supercenter, Food City, Ollie’s Bargain Outlet, Dollar Tree, Goodwill, Burke’s Outlet, Belk, Maurices, Hibbett Sports, Sally Beauty, AutoZone, Advance Auto Parts, etc. Wendy’s is located just 2 miles from The University of Virginia’s College at Wise (2,021 students). *In Association with Virginia Local Broker: Andrew T. Knight, New England Commercial Brokerage, Inc. #225214094
PROPERTY TAXES
| Parcel Number | R032544 | Improvements Assessment | $334,500 |
| Land Assessment | $195,400 | Total Assessment | $529,900 |
PROPERTY TAXES
