480 Tanyard Rd - Restaurant FOR SALE
Rocky Mount, VA 24151 |
$746,000 USD
972-755-5205
480 Tanyard Rd
Rocky Mount, VA 24151
HIGHLIGHTS
- Absolute Net Lease with 10.9 Years Remaining and 3% Annual Rent Increases
- Established Restaurant Location with New Roof and Proven Operating History
- High-Visibility Site on Tanyard Road (18,029 VPD)
- Adjacent to Franklin County High School (1,904 Students) and Within a Proven Retail Destination
- Part of the Roanoke MSA – Western Virginia’s Economic and Cultural Hub
OVERVIEW
Offered for sale is the opportunity to acquire an absolute net lease Rocky Mountain Smokehouse in Rocky Mountain, VA. The property consists of a 3,428-square-foot, freestanding building that sits on approximately 0.31 acres of land. There are 10.9 years remaining on the lease with 3% rental increases annually.
Broker of Record
Brian Hosey
7200 Wisconsin Ave., Suite 1101
Bethesda, MD 20814
(202) 536-3700
Brian Hosey@marcusmillichap.com
Lic #: 0225247494
FOR SALE DETAILS
PRICE
$746,000 USD
PRICE/SF
$218 USD /SF
CAP RATE
7.24%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Rocky Mount Smokehouse
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.31 AC
LAND SF
13,504 SF
ZONING
GB
APN/PARCEL ID
2040058601
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
972-755-5205
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
972-755-5205
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
