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6% Cap Rate | 15-Year NNN | Warrenton, VA 34 Broadview Ave 2,778 SF Retail Building Warrenton, VA 20186 $2,250,000 ($809.94/SF) 6% Cap Rate
Executive Summary
* New 15 year NNN lease
* 4 five year options
* 12% rent increase every 5 years
* $2M+ in gross rental revenue
* Additional percentage rent of 6% over $2.8M in gross sales
* Multi-Unit Operator
* Population of 26,023 within a 5 mile radius
* Affluent household income $137,583
* Layne’s Chicken Fingers is a rapidly growing franchise concept
* 4 five year options
* 12% rent increase every 5 years
* $2M+ in gross rental revenue
* Additional percentage rent of 6% over $2.8M in gross sales
* Multi-Unit Operator
* Population of 26,023 within a 5 mile radius
* Affluent household income $137,583
* Layne’s Chicken Fingers is a rapidly growing franchise concept
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,778 SF
Building Class
B
Year Built
1974
Price
$2,250,000
Price Per SF
$809.94
Cap Rate
6%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.84 AC
Zoning
CG - Commercial General
Amenities
- 24 Hour Access
Nearby Major Retailers
Property Taxes
| Parcel Number | 6984-05-3458 | Improvements Assessment | $665,400 |
| Land Assessment | $801,400 | Total Assessment | $1,466,800 |
Property Taxes
Parcel Number
6984-05-3458
Land Assessment
$801,400
Improvements Assessment
$665,400
Total Assessment
$1,466,800
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6% Cap Rate | 15-Year NNN | Warrenton, VA | 34 Broadview Ave
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