Wendy's
Retail | 6.15% CAP | 2,790 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Wendy's located at 4321 George Washington Memorial Hwy, Grafton, VA 23692. The site consists of roughly 2,790 rentable square feet of building space on an estimated 0.9-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 10/29/2012. The current annual rent is $135,917 and has scheduled increases of 5.00% every 5 years.
Investment highlights
Experienced Wendy’s Franchisee | WEN-GAP LLC is a well-established Wendy’s franchisee based in Newport News, Virginia, operating multiple restaurants throughout the region. The group has built a strong reputation for consistent performance and operational excellence across its portfolio.
Long-Term Triple Net (NNN) Lease | The property is subject to a 20-year NNN lease with zero landlord responsibilities, offering investors a truly passive income stream with a reliable national brand tenant. The lease structure includes 5% rent escalations every five years, providing a hedge against inflation throughout the lease term.
Excellent Frontage | 45,000 Vehicles Per Day | Located along George Washington Memorial Highway (U.S. Route 17), the property benefits from outstanding visibility and access, with daily traffic counts exceeding 45,000 vehicles. This ensures a consistent stream of traffic in the immediate area which is critical for QSR restaurants with drive thrus.
Dense Retail Corridor | The property is situated amongst many local and national tenants that help drive consumer activity in the immediate area. Major national tenants nearby include a Walmart Supercenter, Starbucks, CVS Pharmacy, Dollar Tree, Big Lots, Chick-fil-A, and McDonald’s, and many more.
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