12890 Booker T Washington Hwy Hardy, VA 24101-3956
Property profile & analytics
12890 Booker T Washington Hwy, Hardy, VA 24101-3956
- Drive through restaurants
- 3,418 SF
- 1.03 lot acres
Property ID
US87-1493050
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Wendy's / Restaurant / Take-out & Catering
Property Details for 12890 Booker T Washington Hwy
- Year built
- 2004
- Lot size
- 1.03 lot acres
- Zone code
- PCD
- Property type
- Drive through restaurants
- APN
- 030 00-052 06
- APU
- 300005206
Description
This exceptional investment opportunity presents a sale-leaseback of a Wendy's restaurant located at 12890 Booker T Washington Hwy, Hardy, VA 24101. The property, built in 2004 and renovated in 2017, boasts 2,677 square feet on a 1.03-acre lot. A 15-year NNN lease commences December 1, 2024, and expires November 30, 2039, with rental increases every five years. The current asking price is $2,450,000, representing a price per square foot of $915.20 and a 5.65% cap rate. The property generates a Net Operating Income (NOI) of $138,425. This Wendy's is operated by a highly successful franchisee with a proven track record, owning over 25 locations across Virginia and North Carolina. The location benefits from high visibility and accessibility, situated near major roadways, businesses, and schools, including Walmart, Lowe's, McDonald's, and Bojangles. This is one of six Wendy's locations available for sale, each offered individually. The lease features no landlord responsibilities and demonstrates above-average, growing revenue with a rent-to-sales ratio of 7%. This represents a strong, stable investment with significant long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Hardy
- County
- Franklin
- State
- Virginia
- Longitude
- -79.7204
- Latitude
- 37.1196
- CBSA code
- 40220
- CBSA name
- ROANOKE, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$358,200
$644,200
$1,002,400
-
$358,200
$644,200
$1,002,400
