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FOR SALE | Wendy’s (Dark) | Midlothian, VA

$1,593,000

13822 Village Place Drive, Midlothian, VA 23114

Active
Last Updated: 07/25/2024

8

Cap Rate

127,419.45

NOI

Details:
Cap Rate:    8%
NOI:    $127,419.45
:    3,304 sqft
Lot Area:    1.012 acres
Lease Type:    Absolute Net
Zoning:    C-3
Highlights:
  • Sale or lease opportunity
  • Strong repositioning potential
  • +/- 3,304 SF brick building
  • 1.012 AC site
  • Drive-thru
  • Big traffic count (41,000 VPD)
  • Affluent Demographics (Avg. HHI: $152,856 within 3 miles)
Description:

SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale or lease, the Wendy’s located at 13822 Village Place Drive in Midlothian, VA.

Wendy’s lease expires on July 15, 2023, allowing an investor or user to repurpose the property while monthly triple net income continues.

The all-brick building is approximately 3,304 square feet and sits on 1.012 acres in the historic Midlothian Village Square shopping area. The building contains a drive-thru window and the lot itself has ingress/egress from both the back and front of the property.

The property is directly off Midlothian Parkway, a heavily trafficked corridor (41,000 vpd) that bridges the Chesterfield Towne Center and Westchester Commons shopping areas.

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