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Wendy's | Part of 14 Property Portfolio 3260 Riverside Dr 2,677 SF Retail Building Danville, VA 24541 $2,780,275 ($1,038.58/SF) 5.50% Cap Rate
Investment Highlights
- Backed by Top Wendy's Franchisee
- Attractive Rental Growth
- Proximity to Major National Tenants
- Growing Industry
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 3260 Riverside Dr., Danville, VA 24541. The site consists of roughly 2,677 rentable square feet of building space on an estimated 0.55-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $152,915 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
1978
Price
$2,780,275
Price Per SF
$1,038.58
Cap Rate
5.50%
NOI
$152,915
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.55 AC
Zoning
PSC
Frontage
194’ on Riverside Dr
Nearby Major Retailers
Property Taxes
| Parcel Number | 59312 | Improvements Assessment | $728,600 |
| Land Assessment | $253,800 | Total Assessment | $982,400 |
Property Taxes
Parcel Number
59312
Land Assessment
$253,800
Improvements Assessment
$728,600
Total Assessment
$982,400
Contacts
-
Matthew Anuszkiewicz -
Amelia Haydock -
Andrew Darby -
Christopher Marks -
Glen Kunofsky -
Surmount
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Wendy's | Part of 14 Property Portfolio | 3260 Riverside Dr
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