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Wendy's | Part of 14 Property Portfolio 3260 Riverside Dr 2,677 SF Retail Building Danville, VA 24541 $3,843,730 CAD ($1,435.84 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Backed by Top Wendy's Franchisee
- Attractive Rental Growth
- Proximity to Major National Tenants
- Growing Industry
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Wendy's located at 3260 Riverside Dr., Danville, VA 24541. The site consists of roughly 2,677 rentable square feet of building space on an estimated 0.55-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 $152,915 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
1978
Price
$3,843,730 CAD
Price Per SF
$1,435.84 CAD
Cap Rate
5.50%
NOI
$211,405 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.55 AC
Zoning
PSC
Frontage
194’ on Riverside Dr
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 59312 | Improvements Assessment | $1,022,080 CAD |
| Land Assessment | $356,031 CAD | Total Assessment | $1,378,111 CAD |
PROPERTY TAXES
Parcel Number
59312
Land Assessment
$356,031 CAD
Improvements Assessment
$1,022,080 CAD
Total Assessment
$1,378,111 CAD
CONTACTS
-
Matthew Anuszkiewicz -
Amelia Haydock -
Andrew Darby -
Christopher Marks -
Glen Kunofsky -
Surmount
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Wendy's | Part of 14 Property Portfolio | 3260 Riverside Dr
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