1111 E Lynchburg Salem Tpke - Fast Food FOR SALE


Bedford, VA 24523
$1,800,000 USD
980-498-3293
1111 E Lynchburg Salem Tpke, Bedford, VA for Sale
$1,800,000 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

1111 E Lynchburg Salem Tpke
Bedford, VA 24523


HIGHLIGHTS

  • POSITIONED IN STRONG RETAIL NODE
  • ATTRACTIVE LEASE FUNDAMENTALS
  • NAME BRAND TENANT W/ STRONG FRANCHISEE

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - 10% rental increases every 5 years including options - Four (4) - five (5) year options - Minimal LL responsibilities NAME BRAND TENANT W/ STRONG FRANCHISEE - Dunkin’ has over 11,300 locations and did over $12B in sales in 2022 - The Franchisee is one of the largest Dunkin’ franchisees in the Carolinas and Mid-Atlantic (~110 units) POSITIONED IN STRONG RETAIL NODE - Fronting Hwy 460 at a lighted intersection with a dedicated left turn lane - Approximately 32K cars travel Hwy 460 a day - Over 559K SF of retail in a 1-mile radius boasting a 0% vacancy - Nearby retailers include: Walmart Supercenter, Lowes Home Improvement, McDonalds, Wendy’s and Arby’s MINIMAL COMPETITION IN TRADE AREA - This Dunkin’ is the only drive-thru coffee concept between Roanoke & Lynchburg RECENT RENOVATIONS - Recent building renovations with new roof and drive through - Transferable Warranties in Place

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$947 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dunkin'

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

-

APN/PARCEL ID

129-A-16C-T

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.