11274 Patterson Ave
Richmond, VA 23238
Wendy's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 20-Year Triple Net Lease (NNN)
- Attractive Rental Increases
- Strong Franchisee Guarantee
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Wendy's located at 11274 Patterson Ave, Richmond, VA 23238. The site consists of roughly 2,647 rentable square feet of building space on an estimated 0.75-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $144,000 and has scheduled increases of lesser of change in cpi or 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,647 SF
Building Class
B
Year Built
2023
Price
$3,861,202 CAD
Price Per SF
$1,458.71 CAD
Cap Rate
5.25%
NOI
$202,713 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.75 AC
Zoning
B-2 - General Business
Parking
31 Spaces (8.28 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,569,782 CAD | |
| Land Assessment | $868,630 CAD | Total Assessment | $3,438,412 CAD |
