Building Details

Tenancy Single

Listing Agency: Marcus & Millichap - Orlando Show Phone

Listed By: Douglas Kinson · License #FL SL611884

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Aug 30 at 3:24PM

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Investment Insights

Based on property information with market context.

This offering features a Wendy’s drive-through restaurant available through a sale-leaseback structure. The local franchisee was founded in 1988 and has grown through acquisitions and development to more than 25 Wendy’s restaurants across Virginia and North Carolina.

The property is one of six Wendy’s assets assembled in a portfolio spanning both states. Each portfolio property can be acquired separately. The offering is located at 12890 Booker T Washington Hwy in Hardy, Virginia.

Key Highlights

• Drive‑through restaurant operating under the Wendy’s brand
• Sale‑leaseback opportunity involving the location’s franchisee
• Franchisee established in 1988

Property Analytics

Property Profile

Current Use

Wendy's Restaurant

Suggested Use

Top Pick Plumbing Service Storage Facility Garden Center Furniture & Home Goods Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

522

Businesses Nearby

77k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 39% Shops & Services 38% Dining 21% Home Improvements & Furnishings 2%

Kroger Groceries

28,265 visits/mo 0.1 miles

Wendy's Dining

10,816 visits/mo 0.1 miles

Kroger Fuel Center Shops & Services

10,432 visits/mo 0.1 miles

Dollar General Shops & Services

7,161 visits/mo 0.3 miles

Exxon Shops & Services

5,032 visits/mo 0.3 miles

Demographics for 24101, VA

6,490

Population

3,095

Households

2.1

Avg Household Size

51

Median Age

24%

College-Educated

95%

High-School Grad

55.6 sq mi

ZIP Area

117

Density / Sq Mi

$82,331

Median Household Income

$51,620

Median Earnings

$977

Median Rent

$285,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this drive through restaurants located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Sale-leaseback offering backed by a franchisee with an established regional Wendy’s restaurant platform.

Where is this drive through restaurant located?

The property is located at 12890 Booker T Washington Hwy Hardy, VA.

What are key features of this property?

This property features: Drive‑through restaurant operating under the Wendy’s brand; Sale‑leaseback opportunity involving the location’s franchisee; Franchisee established in 1988