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Wendy's 4321 George Washington Mem Hwy 2,790 SF Retail Building Yorktown, VA 23692 $3,085,038 CAD ($1,105.75 CAD/SF) 6.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Experienced Wendy’s Franchisee | WEN-GAP LLC
- Excellent Frontage | 45,000 Vehicles Per Day
- Long-Term Triple Net (NNN) Lease
- Dense Retail Corridor
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Wendy's located at 4321 George Washington Memorial Hwy, Grafton, VA 23692. The site consists of roughly 2,790 rentable square feet of building space on an estimated 0.9-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 10/29/2012. The current annual rent is $135,917 and has scheduled increases of 5.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,790 SF
Building Class
B
Year Built
1985
Price
$3,085,038 CAD
Price Per SF
$1,105.75 CAD
Cap Rate
6.15%
NOI
$189,729 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.90 AC
Zoning
0
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | S05B-2795-2981 | Improvements Assessment | $927,030 CAD |
| Land Assessment | $908,744 CAD | Total Assessment | $1,835,774 CAD |
PROPERTY TAXES
Parcel Number
S05B-2795-2981
Land Assessment
$908,744 CAD
Improvements Assessment
$927,030 CAD
Total Assessment
$1,835,774 CAD
CONTACTS
-
Alexandre Marietto -
Kyle Karsian -
John McHugh -
Glen Kunofsky -
Christopher Marks -
Surmount
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Wendy's | 4321 George Washington Mem Hwy
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