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Wendy's 4321 George Washington Mem Hwy 2,790 SF Retail Building Yorktown, VA 23692 $2,210,039 ($792.13/SF) 6.15% Cap Rate
Investment Highlights
- Experienced Wendy’s Franchisee | WEN-GAP LLC
- Excellent Frontage | 45,000 Vehicles Per Day
- Long-Term Triple Net (NNN) Lease
- Dense Retail Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 4321 George Washington Memorial Hwy, Grafton, VA 23692. The site consists of roughly 2,790 rentable square feet of building space on an estimated 0.9-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 10/29/2012. The current annual rent is $135,917 and has scheduled increases of 5.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,790 SF
Building Class
B
Year Built
1985
Price
$2,210,039
Price Per SF
$792.13
Cap Rate
6.15%
NOI
$135,917
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.90 AC
Zoning
0
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | S05B-2795-2981 | Improvements Assessment | $664,100 |
| Land Assessment | $651,000 | Total Assessment | $1,315,100 |
Property Taxes
Parcel Number
S05B-2795-2981
Land Assessment
$651,000
Improvements Assessment
$664,100
Total Assessment
$1,315,100
Contacts
-
Alexandre Marietto -
Kyle Karsian -
John McHugh -
Glen Kunofsky -
Christopher Marks -
Surmount
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Wendy's | 4321 George Washington Mem Hwy
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