167 Clarion Rd - Fast Food FOR SALE


Altavista, VA 24517
$1,615,234 USD
914-403-7574
167 Clarion Rd, Altavista, VA for Sale
$1,615,234 USD
Fast Food - FOR SALE
1/2
null | 5.75% Cap Rate

167 Clarion Rd
Altavista, VA 24517


HIGHLIGHTS

  • Wendy’s Sale Leaseback from Top Wendy’s Franchisee
  • NNN Lease with No Landlord Responsibilities
  • Highly Accessible to Multifamily Apartments and Neighborhoods
  • Close Proximity to Major Retailers
  • Strategic Location Along Near Major Intersection

OVERVIEW

Surmount is pleased to present the exclusive listing for a Wendy's located at 12890 Booker T. Washington HWY, Hardy, VA 24101. The site consists of roughly 2,677 rentable square feet of building space on an estimated 1.03-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 9/4/2025. The current annual rent is $122,552 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$1,615,234 USD

PRICE/SF

$505 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's | Part of 6 Property Portfolio

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

-

APN/PARCEL ID

69H-1-6

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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