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Wendy's | Part of 14 Property Portfolio 7370 Peppers Ferry Blvd 2,564 SF Retail Building Radford, VA 24141 $1,874,148 ($730.95/SF) 6.50% 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 $121,820 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
C
Year Built
2020
Price
$1,874,148
Price Per SF
$730.95
Cap Rate
6.50%
NOI
$121,820
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.82 AC
Zoning
CM1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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
1 of 3
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Photos
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Wendy's | Part of 14 Property Portfolio | 7370 Peppers Ferry Blvd
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