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Wendy's | Part of 14 Property Portfolio 1416 Piney Forest Rd 2,677 SF Retail Building Danville, VA 24540 $2,447,669 ($914.33/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Operating History
- High-Growth Trade Area with Dense Housing
- Excellent Visibility on Major Corridor
- Surrounded by Premier Retail & Essential Services
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Wendy's located at 1416 Piney Forest Road, Danville, VA 24540. The site consists of roughly 2,677 rentable square feet of building space on an estimated 1.50-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 $140,741 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
2,677 SF
Building Class
B
Year Built
2005
Price
$2,447,669
Price Per SF
$914.33
Cap Rate
5.75%
NOI
$140,741
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.50 AC
Zoning
HRC
Frontage
158’ on Piney Forest Rd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 52347 | Improvements Assessment | $552,300 |
| Land Assessment | $224,900 | Total Assessment | $777,200 |
PROPERTY TAXES
Parcel Number
52347
Land Assessment
$224,900
Improvements Assessment
$552,300
Total Assessment
$777,200
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Wendy's | Part of 14 Property Portfolio | 1416 Piney Forest Rd
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