For Sale
$2,450,000

12890 Booker T Washington Hwy Hardy, VA 24101

Hardy, VA QSR Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
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.

Highlights

  • Wendy's sale-leaseback from a top franchisee with over 25 locations in VA and NC.
  • NNN lease with no landlord responsibilities.
  • Rent increases every five years.
  • Above-average, growing revenue with a 7% rent-to-sales ratio.
  • High visibility and accessibility near major roadways, businesses, and schools (Walmart, Lowe's, McDonald's, Bojangles).
  • Strategically located along major state roadways.

Property Details for 12890 Booker T Washington Hwy

Property type
Retail properties
Square Feet
2,677 SF
Year Built/Renovated
2004/2017
Lot Size (sq. ft)
44,867 SF

Location Insight

City
Hardy
County
Franklin
State
Virginia
Latitude
37.12001902
Longitude
-79.72077174

FAQs

What type of property is this?
Retail property - Hardy, VA QSR Investment Opportunity
Where is the retail property located?
The property is located at 12890 Booker T Washington Hwy Hardy, VA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Wendy's sale-leaseback from a top franchisee with over 25 locations in VA and NC.; NNN lease with no landlord responsibilities.; Rent increases every five years.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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12890 Booker T Washington Hwy
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