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Wendy's | Part of 14 Property Portfolio 7370 Peppers Ferry Blvd 2,564 SF Retail Building Fairlawn, VA 24141 $2,007,063 ($782.79/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Outparcel to Walmart and Lowe’s
- Excellent Visibility on Major Corridor
- Surrounded by Premier Retail & Essential Services
- Strong Surrounding Demographics
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Wendy's located at 7370 Peppers Ferry Blvd, Radford, VA 24141. The site consists of roughly 2,564 rentable square feet of building space on an estimated 0.8-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 $124,663 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,564 SF
Building Class
B
Year Built
2020
Price
$2,007,063
Price Per SF
$782.79
Cap Rate
5.75%
NOI
$115,431
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.81 AC
Zoning
CM-1
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0290010000011A | Improvements Assessment | $1,084,200 |
| Land Assessment | $351,500 | Total Assessment | $1,435,700 |
PROPERTY TAXES
Parcel Number
0290010000011A
Land Assessment
$351,500
Improvements Assessment
$1,084,200
Total Assessment
$1,435,700
CONTACTS
-
Matthew Anuszkiewicz -
Amelia Haydock -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
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Wendy's | Part of 14 Property Portfolio | 7370 Peppers Ferry Blvd
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