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Wendy's | Part of 14 Property Portfolio 1416 Piney Forest Rd 2,677 SF Retail Building Danville, VA 24540 $3,254,674 CAD ($1,215.79 CAD/SF) 6% Cap Rate
Investment Highlights
- Long Operating History
- High-Growth Trade Area with Dense Housing
- Excellent Visibility on Major Corridor
- Surrounded by Premier Retail & Essential Services
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 1416 Piney Forest Road, Danville, VA 24540. The site consists of roughly 2,677 rentable square feet of building space on an estimated 1.50-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 $143,556 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
2,677 SF
Building Class
B
Year Built
2005
Price
$3,254,674 CAD
Price Per SF
$1,215.79 CAD
Cap Rate
6%
NOI
$195,281 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.50 AC
Zoning
HRC
Frontage
158’ on Piney Forest Rd
Nearby Major Retailers
Property Taxes
| Parcel Number | 52347 | Improvements Assessment | $755,342 CAD |
| Land Assessment | $307,580 CAD | Total Assessment | $1,062,922 CAD |
Property Taxes
Parcel Number
52347
Land Assessment
$307,580 CAD
Improvements Assessment
$755,342 CAD
Total Assessment
$1,062,922 CAD
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Wendy's | Part of 14 Property Portfolio | 1416 Piney Forest Rd
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