107 Front St Richlands, VA 24641
- Retail properties
- 3,538 SF
- 0.40 lot acres
Current Use by Public Records
- Pizza Hut / Pizza Delivery / Chicken Wings Restaurant
Property Details for 107 Front St
- Lot size
- 0.40 lot acres
- Property size
- 3,538 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 3,538 square foot restaurant building situated on a 0.4-acre lot in Richlands, Virginia. Currently operating as a Pizza Hut under a long-term lease with Flynn Restaurant Group, the nation's largest Pizza Hut franchisee, this property boasts a prime location adjacent to Route 460, experiencing a high daily traffic volume of 26,000 vehicles. The ample parking provides 10 spaces per 1,000 square feet, ensuring convenient access for customers. This established business benefits from its proximity to other major retailers, including Food Lion, Big Lots, Dollar General, Roses, and CVS, creating a strong retail synergy and high visibility. The property's financial details, including Net Operating Income (NOI), are available upon request. This is a rare chance to acquire a well-established, income-producing asset in a thriving retail corridor. The tenant, Flynn Restaurant Group, is a significant player in the industry, with substantial annual sales and a large portfolio of locations. This property offers a stable investment with strong potential for long-term growth and return.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richlands
- County
- Tazewell
- State
- Virginia
- Longitude
- -81.7821
- Latitude
- 37.0928
