3461 Old Halifax Rd - Fast Food FOR SALE


South Boston, VA 24592
$2,690,913 USD
914-403-7574
3461 Old Halifax Rd, South Boston, VA for Sale
$2,690,913 USD
Fast Food - FOR SALE
1/2
null | 5.5% Cap Rate

3461 Old Halifax Rd
South Boston, VA 24592


HIGHLIGHTS

  • Outparcel to Walmart
  • Proximity to Institutions
  • Visibility from Halifax Rd
  • Dense Retail Corridor

OVERVIEW

Surmount is pleased to present the exclusive listing for a Wendy's located at 3461 Old Halifax, South Boston, VA 24592. The site consists of roughly 2,522 rentable square feet of building space on an estimated --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 $154,865 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$2,690,913 USD

PRICE/SF

$1,067 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

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

-

APN/PARCEL ID

27955

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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