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Wendy's | Part of 14 Property Portfolio 102 Crossing Way 3,419 SF Retail Building Staunton, VA 24401 $2,372,499 CAD ($693.92 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Prime Outparcel Location Adjacent to New Hotels
- Dense National Retail Corridor
- Strong Growth Corridor with New Development
- Excellent Visibility on Major Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 102 Crossing Way, Staunton, VA 24101. The site consists of roughly 3,358 rentable square feet of building space on an estimated 0.75-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 9/4/2025. The current annual rent is $113,365 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,419 SF
Building Class
B
Year Built
2022
Price
$2,372,499 CAD
Price Per SF
$693.92 CAD
Cap Rate
6.50%
NOI
$154,213 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.75 AC
Zoning
B2
Nearby Major Retailers
Property Taxes
| Parcel Number | 101303 | Improvements Assessment | $795,473 CAD |
| Land Assessment | $641,861 CAD | Total Assessment | $1,437,334 CAD |
Property Taxes
Parcel Number
101303
Land Assessment
$641,861 CAD
Improvements Assessment
$795,473 CAD
Total Assessment
$1,437,334 CAD
Contacts
-
Matthew Anuszkiewicz -
Amelia Haydock -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
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Wendy's | Part of 14 Property Portfolio | 102 Crossing Way
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