6824 Hull Street Rd
Richmond, VA 23224
Retail Property For Sale

The subject investment opportunity is a Wendy's located in Richmond, Virginia. The Franchisee, Meritage Hospitality Group has been in the Wendy's system for nearly 40 years and operates 180+ units throughout eight states. Meritage Hospitality Group is the nation's only publicly-traded "Wendy's Old Fashioned Hamburgers" restaurant franchisee. This lease will be backed by all 180+ Meritage Hospitality Group Wendy's locations. This site is scheduled to undergo a reimage at the cost of the tenant/operator that is a requirement by Wendy' s corporate for operators to renew their franchise agreement. This process bring the site up to date and gives it the fresh/ clean look that Wendy' s brand is striving for. The estimated cost of this re-image is $800,000 - $1,200,000. The subject Wendy' s is located in 6824 Hull Road in Richmond, Virginia. Richmond is the capital of and the third most populous city in Virginia. Richmond is located at the fall line of the James River, 44 miles west of Williamsburg, 66 miles east of Charlottesville, and 98 miles south of Washington D.C. There are 51,000+ individuals living within a three miles radius of the subject property and over 124,000 individuals living within a five mile radius of the subject property. The property is located on Hull road shortly after the intersection with Chippenham Parkway. These are heavily trafficked roads with average daily traffic counts of 39,477 and over 71,000 respectively, driving many potential customers near this site.