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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 tenant’s parent company is Delight Restaurant Group which operates over 57 restaurants including Wendy’s and Taco Bell and is continuing to grow. 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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