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Wendy's | Part of 14 Property Portfolio 3461 Old Halifax Rd 2,522 SF Retail Building South Boston, VA 24592 $3,720,187 CAD ($1,475.09 CAD/SF) 5.50% 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. 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 $154,865 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
$3,720,187 CAD
Price Per SF
$1,475.09 CAD
Cap Rate
5.50%
NOI
$204,610 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 | $724,552 CAD |
| Land Assessment | $543,212 CAD | Total Assessment | $1,267,764 CAD |
PROPERTY TAXES
Parcel Number
27955
Land Assessment
$543,212 CAD
Improvements Assessment
$724,552 CAD
Total Assessment
$1,267,764 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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