NNN Restaurant with Ground
110 Merchant St Winchester, VA 22603
110 Merchant St, Winchester, VA, 22603
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For Sale
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Corporate-guaranteed restaurant ground lease with absolute NNN terms and 12+ years remaining, including scheduled 10% rent increases.
Days on Market103
Property Features for 110 Merchant St
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
SRS Real Estate Partners McLean
(202) 286-1542
Listed by
Andrew Fallon · License #PA RSR006585
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 9:49PM Checked: Jul 21 at 9:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
This NNN restaurant investment features a ground lease with more than 12 years remaining on the initial term and three additional five-year options to extend. The lease is corporate guaranteed by Red Robin Gourmet Burgers, Inc. The ground lease includes 10% rental increases every five years, with increases also at the beginning of each option period. Operating expenses are structured on an absolute NNN basis, with the tenant paying for CAM, taxes, insurance, and maintaining all aspects of the premises, while landlords have no responsibilities. The investor benefits from fee-simple ownership of the land.
The property is located within Rutherford Crossing Shopping Center, which includes over 400,000 SF of retail space and a FEMA regional office. Rutherford Crossing is described as including national tenants such as Lowe’s, Target, CVS Pharmacy, PetSmart, and Party City. Access is noted as being just off Interstate 81 with direct on/off ramp access.
The tenant occupies the entrance pad for Rutherford Crossing, positioned at a signalized hard corner intersection of US Highway 11 and Merchant Street, with combined 17,100 vehicles passing by daily, supporting visibility and access to the site. The five-mile trade area is described as having more than 58,000 residents and 55,000 employees, with $90,031 average household income.
The property is located within Rutherford Crossing Shopping Center, which includes over 400,000 SF of retail space and a FEMA regional office. Rutherford Crossing is described as including national tenants such as Lowe’s, Target, CVS Pharmacy, PetSmart, and Party City. Access is noted as being just off Interstate 81 with direct on/off ramp access.
The tenant occupies the entrance pad for Rutherford Crossing, positioned at a signalized hard corner intersection of US Highway 11 and Merchant Street, with combined 17,100 vehicles passing by daily, supporting visibility and access to the site. The five-mile trade area is described as having more than 58,000 residents and 55,000 employees, with $90,031 average household income.
Key Highlights
- Corporate‑guaranteed restaurant ground lease by Red Robin Gourmet Burgers, Inc.
- 12+ years remaining on the initial lease term with three (5‑year) extension options.
- 10% rental increases every 5 years and at the beginning of each option period.
Property Analytics
Location Intelligence
Current Use by Public Records
Red Robin Gourmet ...
Restaurant
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FAQs
What type of property is this?
NNN property - Corporate-guaranteed restaurant ground lease with absolute NNN terms and 12+ years remaining, including scheduled 10% rent increases.
Where is this nnn property located?
The property is located at 110 Merchant St Winchester, VA.
What are key features of this property?
This property features: Corporate‑guaranteed restaurant ground lease by Red Robin Gourmet Burgers, Inc.; 12+ years remaining on the initial lease term with three (5‑year) extension options.; 10% rental increases every 5 years and at the beginning of each option period.
