1251 Boston Rd Danville, VA 24540-5033
- Turn key restaurants
- 6,524 SF
- 1.16 lot acres
Current Use by Public Records
- Wendy's / Restaurant / Fast Food Restaurant
Property Details for 1251 Boston Rd
- Year built
- 2003
- Lot size
- 1.16 lot acres
- Property size
- 6,524 SF
- Zone code
- HIGHWAY RETAIL COMM
- Property type
- Turn key restaurants
- APN
- 78254
- APU
- 78254
Description
This exceptional investment opportunity presents a sale-leaseback of a Wendy's restaurant located at 1251 South Boston Rd, Danville, VA 24540. The property, built in 2000 and renovated in 2020, boasts 2,804 square feet on a 1.2-acre lot. The offering includes a 15-year net lease (NNN), commencing December 1, 2024, and expiring November 30, 2039, with a current annual net operating income (NOI) of $96,000, representing a 5.65% cap rate. The asking price is $1,700,000. This Wendy's is operated by a highly successful franchisee with a proven track record, owning and operating over 25 Wendy's locations across Virginia and North Carolina since 1988. The property benefits from a highly accessible location, close proximity to multifamily residential areas and major retailers, and its strategic placement along a major highway. This is one of six Wendy's properties available, each sold separately, offering a portfolio investment opportunity. The tenant, a top Wendy's franchisee, ensures a strong and stable income stream with minimal landlord responsibilities. This is a rare opportunity to acquire a high-performing, passively managed asset in a desirable location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $290,000
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Location Insight
- Map
- Local Demand
- City
- Danville
- County
- Danville City
- State
- Virginia
- Longitude
- -79.3525
- Latitude
- 36.5833
- CBSA code
- 19260
- CBSA name
- DANVILLE, VA METROPOLITAN STATISTICAL AREA
