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Wendy's | Part of 14 Property Portfolio 1882 Port Republic Rd 2,800 SF Retail Building Harrisonburg, VA 22801 $3,108,420 ($1,110.15/SF) 5% Cap Rate
Investment Highlights
- Outparcel to Walmart
- Proximity to Sentara RMH Medical Center
- Strategically Located to James Madison University and Student Housing
- Adjacent to The Altitude Apartments
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 1882 Port Republic Rd, Rockingham, VA 22801. The site consists of roughly 2,800 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 $155,421 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
2,800 SF
Building Class
B
Year Built
2016
Price
$3,108,420
Price Per SF
$1,110.15
Cap Rate
5%
NOI
$155,421
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.75 AC
Opportunity Zone
Yes
Zoning
B1
Nearby Major Retailers
Property Taxes
| Parcel Number | 125-20-L6 | Improvements Assessment | $756,200 |
| Land Assessment | $580,700 | Total Assessment | $1,336,900 |
Property Taxes
Parcel Number
125-20-L6
Land Assessment
$580,700
Improvements Assessment
$756,200
Total Assessment
$1,336,900
Contacts
-
Matthew Anuszkiewicz -
Amelia Haydock -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
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Wendy's | Part of 14 Property Portfolio | 1882 Port Republic Rd
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