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Wendy's | Part of 14 Property Portfolio 3461 Old Halifax Rd 2,522 SF Retail Building South Boston, VA 24592 $2,690,913 ($1,066.98/SF) 5.50% Cap Rate
Investment Highlights
- Outparcel to Walmart
- Visibility from Halifax Rd
- Proximity to Institutions
- Dense Retail Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 3461 Old Halifax, South Boston, VA 24592. The site consists of roughly 2,522 rentable square feet of building space. 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 $154,865 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,522 SF
Building Class
C
Year Built
1992
Price
$2,690,913
Price Per SF
$1,066.98
Cap Rate
5.50%
NOI
$148,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.76 AC
Opportunity Zone
Yes
Nearby Major Retailers
Property Taxes
| Parcel Number | 27955 | Improvements Assessment | $524,088 |
| Land Assessment | $392,920 | Total Assessment | $917,008 |
Property Taxes
Parcel Number
27955
Land Assessment
$392,920
Improvements Assessment
$524,088
Total Assessment
$917,008
Contacts
-
Matthew Anuszkiewicz -
Glen Kunofsky -
Amelia Haydock -
Andrew Darby -
Christopher Marks -
Surmount
1 of 3
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Wendy's | Part of 14 Property Portfolio | 3461 Old Halifax Rd
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