4764 S Amherst Hwy - Restaurant FOR SALE


Madison Heights, VA 24572
$1,600,000 USD
980-498-3293
4764 S Amherst Hwy, Madison Heights, VA for Sale
$1,600,000 USD
Restaurant - FOR SALE
1/5
null | 6% Cap Rate

4764 S Amherst Hwy
Madison Heights, VA 24572


HIGHLIGHTS

  • NAME BRAND TENANT W/ STRONG FRANCHISEE
  • CLOSE PROXIMITY TO MARKET DRIVERS
  • ATTRACTIVE LEASE FUNDAMENTALS

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - 10% rental increases every 5 years including options - Three (3) - 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 in the Carolinas and Mid-Atlantic (~110 units) POSITIONED IN DENSE RETAIL NODE - Within a 1-mile radius of this Dunkin, there is more than 701K SF of retail space - Nearby National Retailers Include: Lowe’s Home Improvement, Food Lion, Big Lots, Walmart Supercenter, and much more CLOSE PROXIMITY TO MARKET DRIVERS - Just 8 miles from Liberty University which has more than 16,000 on campus students with over 124,000 students enrolled in online classes - Located 0.6 miles from the Madison Heights Town Center Development - This project includes over 700K SF of commercial space and 875 apartment units - In the last phase of the project there will be 265 townhomes and 267 home lots added EXPERIENCED FRANCHISEE - Coastal Franchising owns and operates more than 140 Dunkin locations across NC, SC, and Southern VA - Founded in 2007 Coastal Franchising is one of the largest Dunkin Franchisee’s in the country RECENT CONSTRUCTION - Site was recently constructed in 2024 with long term roof and structure warranties in place

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$780 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dunkin'

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

25,003 SF

ZONING

B-2

APN/PARCEL ID

155C-1-C-1,2

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.