10 Ml Rd Verona, VA 24482
- Retail properties
- 3,461 SF
- 0.81 lot acres
Current Use by Public Records
- Retail properties
Property Details for 10 Ml Rd
- Year built
- 1995
- Lot size
- 0.81 lot acres
- Property size
- 3,461 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a single-tenant, free-standing Burger King restaurant located at 10 Quick's Mill Rd, Verona, VA 24482. The property boasts a substantial 3,461 square foot building constructed in 1995 on a 0.81-acre lot, zoned B2. The restaurant benefits from a strong 13-year remaining lease term with four 5-year renewal options, ensuring long-term income stability. The lease is a Net-Net-Plus (NN+) structure, with the landlord responsible for maintaining the parking lot, while all other expenses are passed through to the tenant. The property features 11 parking spaces and is situated in a thriving area of the Shenandoah Valley. With a current asking price of $1,600,000 and a projected cap rate of 6.00%, this investment offers significant potential for strong returns. The property consists of a single, one-story building. This is a rare opportunity to acquire a well-established, nationally recognized brand in a desirable location. The property's strong lease terms, favorable location, and attractive financial metrics make it an ideal addition to any commercial real estate portfolio.
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
- Verona
- County
- Augusta
- State
- Virginia
- Longitude
- -79.0089
- Latitude
- 38.2023
