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Wendy’s

808 E Atlantic St, South Hill, VA, USA
$2,370,360 5.00% Cap 3,163 sq ft Representative Photo Print This Page

Location

808 E Atlantic St, South Hill, VA, USA

Price: $2,370,360
Cap Rate: 5.00%
Net Operating Income: $118,518
Square Footage: 3,163
Lot Size: 0.75 AC
Rent to Sales: 7.9%

100% Fee Simple InterestAbsolute NNN LeaseHealthy Rent to Sales RatioLocated on a Major Commercial ThoroughfareScheduled IncreasesStrong and Experienced OperatorZero Landlord Obligations

The subject property is a 20-year Wendy’s NNN lease, which commenced in December 2018. The lease is guaranteed by Delight Restaurant Group. - currently an operator of 57 restaurants (31 Wendy’s and 26 Taco Bells). This lease calls for zero landlord obligations and scheduled increases of 8% every 5 years. The tenant also has four, 5-year options to renew. The site benefits from its location in a major retail trade area.

South Hill is a town in Mecklenburg County, Virginia. The population was 4,650 at the 2010 census. Located on major Interstate and U.S. highways, it has a full-service hospital (serving patients from several rural counties), a tobacco market, and several hotels. South Hill has a close relationship with the neighboring town of La Crosse. Lake Gaston, a large reservoir popular with boaters and fishermen, is a short distance to the southwest.

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    presented by

    Jacob Abusharkh Managing Principal View profile
    Kase Abusharkh Founding Principal View profile

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