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Wendy's | Part of 14 Property Portfolio 167 Clarion Rd 3,200 SF Retail Building Altavista, VA 24517 $2,233,061 CAD ($697.83 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Wendy’s Sale Leaseback from Top Wendy’s Franchisee
- Highly Accessible to Multifamily Apartments and Neighborhoods
- Strategic Location Along Near Major Intersection
- NNN Lease with No Landlord Responsibilities
- Close Proximity to Major Retailers
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Wendy's located at 167 Clarion Rd, Altavista, VA 24517. The site consists of roughly 3,200 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 $92,876 and has scheduled increases of 2% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,200 SF
Building Class
C
Year Built
2012
Price
$2,233,061 CAD
Price Per SF
$697.83 CAD
Cap Rate
5.75%
NOI
$128,401 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.75 AC
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 69H-1-6 | Improvements Assessment | $1,070,649 CAD |
| Land Assessment | $448,359 CAD | Total Assessment | $1,519,007 CAD |
PROPERTY TAXES
Parcel Number
69H-1-6
Land Assessment
$448,359 CAD
Improvements Assessment
$1,070,649 CAD
Total Assessment
$1,519,007 CAD
CONTACTS
-
Matthew Anuszkiewicz -
Amelia Haydock -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
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Wendy's | Part of 14 Property Portfolio | 167 Clarion Rd
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