9385 Atlee Rd 3,326 SF Retail Building Mechanicsville, VA 23116 $2,462,523 CAD ($740.39 CAD/SF) 6.19% Cap Rate

This offering represents an opportunity to acquire a single-tenant Wendy’s restaurant operating under a long-term NNN lease in Hanover County’s bustling Mechanicsville submarket. The property is backed by a lease guaranty from Meritage Hospitality Group Inc., an established and expanding operator with a national footprint.
The tenant, Wen Virginia LLC, commenced an initial 20-year term with more than 19 years remaining, providing stable, predictable cash flow with zero landlord responsibilities. Six additional five-year renewal options offer further security, and scheduled rent adjustments enhance income growth over time. The current net operating income stands at approximately $112,000 annually, creating consistent returns supported by one of America’s most recognized quick-service brands.
Located on Atlee Road, the site enjoys excellent visibility, strong traffic counts, and adjacency to thriving retail, residential, and employment nodes within the Richmond metropolitan area. This trade area continues to experience growth fueled by strong demographics, established communities, and highway connectivity, ensuring long-term viability for QSR operators.
With its combination of prime location, high-credit tenancy, and structured rental escalations, this asset delivers defensive income and durable value for investors seeking passive ownership of a nationally branded, essential-service property.