3260 Riverside Dr - Retail FOR SALE


Danville, VA 24541
$2,838,127 USD
914-403-7574
3260 Riverside Dr, Danville, VA for Sale
$2,838,127 USD
Retail - FOR SALE
1/2
null | 5.5% Cap Rate

3260 Riverside Dr
Danville, VA 24541


HIGHLIGHTS

  • Backed by Top Wendy's Franchisee
  • Proximity to Major National Tenants
  • Attractive Rental Growth
  • Growing Industry

OVERVIEW

Surmount is pleased to present the exclusive listing for a Wendy's located at 3260 Riverside Dr., Danville, VA 24541. The site consists of roughly 2,677 rentable square feet of building space on an estimated 0.82-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 $156,097 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$2,838,127 USD

PRICE/SF

$1,181 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's | Part of 14 Property Portfolio

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

PSC

APN/PARCEL ID

59312

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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