11274 Patterson Ave - Fast Food FOR SALE


Richmond, VA 23238
$2,742,857 USD
332-345-4268
11274 Patterson Ave, Richmond, VA for Sale
$2,742,857 USD
Fast Food - FOR SALE
1/2
null | 5.25% Cap Rate

11274 Patterson Ave
Richmond, VA 23238


HIGHLIGHTS

  • 20-Year Triple Net Lease (NNN)
  • Strong Franchisee Guarantee
  • Attractive Rental Increases

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Wendy's located at 11274 Patterson Ave, Richmond, VA 23238. The site consists of roughly 2,647 rentable square feet of building space on an estimated 0.75-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 $144,000 and has scheduled increases of lesser of change in cpi or 1.50% annually.

FOR SALE DETAILS

PRICE

$2,742,857 USD

PRICE/SF

$1,036 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

B-2

APN/PARCEL ID

737-742-6847

ASK ABOUT THIS PROPERTY

Ryan SblendorioNNN Pro GroupMore Info
332-345-4268

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Ryan SblendorioNNN Pro GroupMore Info
332-345-4268

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