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Wendy's | Part of 14 Property Portfolio 12890 Booker T Washington Hwy 2,677 SF Retail Building Hardy, VA 24101 $2,131,341 ($796.17/SF) 5.75% Cap Rate
Investment Highlights
- Wendy’s Sale Leaseback from Top Wendy’s Franchisee
- Highly Accessible to Multifamily Apartments and Neighborhoods
- NNN Leases with No Landlord Responsibilities
- Strategic Location in Close Proximity to Major Retailers
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 12890 Booker T. Washington HWY, Hardy, VA 24101. The site consists of roughly 2,677 rentable square feet of building space on an estimated 1.13-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 $122,552 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,677 SF
Building Class
C
Year Built
2004
Price
$2,131,341
Price Per SF
$796.17
Cap Rate
5.75%
NOI
$122,552
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.13 AC
Zoning
LPSM
Frontage
163’ on Booker T Washington Hwy
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 0300005206 | Improvements Assessment | $761,000 |
| Land Assessment | $447,800 | Total Assessment | $1,208,800 |
Property Taxes
Parcel Number
0300005206
Land Assessment
$447,800
Improvements Assessment
$761,000
Total Assessment
$1,208,800
Contacts
-
Matthew Anuszkiewicz -
Amelia Haydock -
Andrew Darby -
Christopher Marks -
Glen Kunofsky -
Surmount
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Presented by
Wendy's | Part of 14 Property Portfolio | 12890 Booker T Washington Hwy
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