NNN Restaurant with Ground
For Sale
Contact for pricing
110 Merchant St, Winchester, VA 22603
Corporate-guaranteed restaurant ground lease with absolute NNN terms and 12+ years remaining, including scheduled 10% rent increases.
Days on Market111
Property Features for 110 Merchant St
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
17,100 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
SRS Real Estate Partners McLean
(202) 286-1542
Listed By:
Andrew Fallon · License #PA RSR006585
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 23 at 2:29PM
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
Current Use
Lease Details
17,100 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
317k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Superstores 20%
Shops & Services 12%
Home Improvements & Furnishings 10%
Target
Superstores
63,653 visits/mo
0.2 miles
Chick-fil-A
Dining
49,042 visits/mo
0.1 miles
Texas Roadhouse
Dining
35,815 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
32,157 visits/mo
0.2 miles
McDonald's
Dining
24,361 visits/mo
0.1 miles
Demographics for 22603, VA
16,298
Population
7,380
Households
2.2
Avg Household Size
45
Median Age
27%
College-Educated
88%
High-School Grad
98.6 sq mi
ZIP Area
165
Density / Sq Mi
$79,260
Median Household Income
$40,794
Median Earnings
$1,695
Median Rent
$332,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
