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Wendy's | Part of 14 Property Portfolio 3461 Old Halifax Rd 2,522 SF Retail Building South Boston, VA 24592 $3,335,848 CAD ($1,322.70 CAD/SF) 6.15% Cap Rate
Investment Highlights
- Outparcel to Walmart
- Visibility from Halifax Rd
- Proximity to Institutions
- Dense Retail Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 3461 Old Halifax, South Boston, VA 24592. The site consists of roughly 2,522 rentable square feet of building space on an estimated 0.76 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 $150,960 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,522 SF
Building Class
C
Year Built
1992
Price
$3,335,848 CAD
Price Per SF
$1,322.70 CAD
Cap Rate
6.15%
NOI
$205,155 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.76 AC
Opportunity Zone
Yes
Nearby Major Retailers
Property Taxes
| Parcel Number | 27955 | Improvements Assessment | $712,236 CAD |
| Land Assessment | $533,978 CAD | Total Assessment | $1,246,214 CAD |
Property Taxes
Parcel Number
27955
Land Assessment
$533,978 CAD
Improvements Assessment
$712,236 CAD
Total Assessment
$1,246,214 CAD
Contacts
-
Matthew Anuszkiewicz -
Glen Kunofsky -
Amelia Haydock -
Andrew Darby -
Christopher Marks -
Surmount
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Wendy's | Part of 14 Property Portfolio | 3461 Old Halifax Rd
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