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Wendy's | Part of 14 Property Portfolio 1416 Piney Forest Rd 2,677 SF Retail Building Danville, VA 24540 $3,386,081 CAD ($1,264.88 CAD/SF) 5.75% 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 $140,741 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
$3,386,081 CAD
Price Per SF
$1,264.88 CAD
Cap Rate
5.75%
NOI
$194,700 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 | $775,297 CAD |
| Land Assessment | $315,706 CAD | Total Assessment | $1,091,002 CAD |
PROPERTY TAXES
Parcel Number
52347
Land Assessment
$315,706 CAD
Improvements Assessment
$775,297 CAD
Total Assessment
$1,091,002 CAD
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Wendy's | Part of 14 Property Portfolio | 1416 Piney Forest Rd
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