9385 Atlee Rd - Fast Food FOR SALE


Mechanicsville, VA 23116
$1,810,000 USD
310-920-8996
9385 Atlee Rd, Mechanicsville, VA for Sale
$1,810,000 USD
Fast Food - FOR SALE
1/6
null | 6.19% Cap Rate

9385 Atlee Rd
Mechanicsville, VA 23116


HIGHLIGHTS

  • Long-term absolute NNN lease with over 19 years remaining on the initial term.
  • Guaranteed by Meritage Hospitality Group Inc., one of the largest Wendy’s franchise operators nationwide.
  • Annual base rent of $112,000 anchored by a consistent 1.25% or CPI annual rent increase clause.
  • Located on a signalized corridor with strong traffic flow and proximity to major retail and residential developments in Mechanicsville.
  • High-demand Quick Service Restaurant (QSR) category with proven performance and enduring consumer demand.
  • 6 five-year renewal options built into the lease provide income upside and long-term security for investors.

OVERVIEW

This offering represents an opportunity to acquire a single-tenant Wendy’s restaurant operating under a long-term NNN lease in Hanover County’s bustling Mechanicsville submarket. The property is backed by a lease guaranty from Meritage Hospitality Group Inc., an established and expanding operator with a national footprint. The tenant, Wen Virginia LLC, commenced an initial 20-year term with more than 19 years remaining, providing stable, predictable cash flow with zero landlord responsibilities. Six additional five-year renewal options offer further security, and scheduled rent adjustments enhance income growth over time. The current net operating income stands at approximately $112,000 annually, creating consistent returns supported by one of America’s most recognized quick-service brands. Located on Atlee Road, the site enjoys excellent visibility, strong traffic counts, and adjacency to thriving retail, residential, and employment nodes within the Richmond metropolitan area. This trade area continues to experience growth fueled by strong demographics, established communities, and highway connectivity, ensuring long-term viability for QSR operators. With its combination of prime location, high-credit tenancy, and structured rental escalations, this asset delivers defensive income and durable value for investors seeking passive ownership of a nationally branded, essential-service property.

FOR SALE DETAILS

PRICE

$1,810,000 USD

PRICE/SF

$544 USD /SF

CAP RATE

6.19%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,566 SF

ZONING

B3

APN/PARCEL ID

8706-03-9339

ASK ABOUT THIS PROPERTY

Ehren JacobsEhren Jacobs Bang RealtyMore Info
310-920-8996

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Ehren JacobsEhren Jacobs Bang RealtyMore Info
310-920-8996

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