Bang Realty -California Inc
Listed by Bang Realty, Bang Realty -California Inc
$1,810,000
9385 Atlee Rd
Details
APN 8706-03-9339
Property Type Retail
Sub Type Restaurant, Commercial
Square Footage 3,326
Cap Rate 6.18%
NOI $112,000
Tenancy Single
Brand/Tenant Wen Virginia LLC
Lease Type NNN
Lease Term 20
Remaining Term 19
Rent Bumps Yes
Lease Options 6, five year options to renew
Year Built 2016
Stories 1
Lot Size (SqFt) 45,566
Zoning B-3
Parking Spaces 39 spaces
Parking per 1,000 SqFt 11.73
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple
Retail | 6.18% CAP | 3,326 SqFt
Investment highlights
- As exclusive sales agents BANG Realty is proud to represent this single tenant, NET Lease investment opportunity. The tenant is in a high visibility location in Mechanicsville, VA
- Lease Guarantor - Meritage Hospitalit Group Inc.
- Tenant - Wen Virginia LLC
- Initial term 20 years
- 19+ years remaining on the initial lease
- 6, five year options to renew
- Website: wendys.com
- Number of locations nationwide: 5790+
- Current NOI $112,000 per year
- Years in business: 56+
Listing Contacts
Bang Realty -California Inc
Listed by Bang Realty, Bang Realty -California Inc
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$112,000.00
$9,333.33/mo
Valuation Metrics
0
DSCR
6.19%
Cap Rate
6.19%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
