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Wendy's | Part of 14 Property Portfolio 167 Clarion Rd 3,200 SF Retail Building Altavista, VA 24517 $1,457,439 ($455.45/SF) 6.50% Cap Rate
Investment Highlights
- Wendy’s Sale Leaseback from Top Wendy’s Franchisee
- Highly Accessible to Multifamily Apartments and Neighborhoods
- NNN Lease with No Landlord Responsibilities
- Close Proximity to Major Retailers
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 167 Clarion Rd, Altavista, VA 24517. The site consists of roughly 3,200 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 $94,734 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,200 SF
Building Class
C
Year Built
2012
Price
$1,457,439
Price Per SF
$455.45
Cap Rate
6.50%
NOI
$94,734
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.75 AC
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 69H-1-6 | Improvements Assessment | $759,600 |
| Land Assessment | $318,100 | Total Assessment | $1,077,700 |
Property Taxes
Parcel Number
69H-1-6
Land Assessment
$318,100
Improvements Assessment
$759,600
Total Assessment
$1,077,700
Contacts
-
Matthew Anuszkiewicz -
Amelia Haydock -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
1 of 2
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Wendy's | Part of 14 Property Portfolio | 167 Clarion Rd
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