For Sale
$1,600,000

10 Ml RdVerona, VA 24482

High-return Burger King with 13-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • $1,600,000 asking price for a Burger King restaurant.
  • Retail property, 3,461 square feet, single-tenant occupancy.
  • NN+ lease with 13 years remaining, including four 5-year renewal options.
  • Located at 10 Quick's Mill Rd, Verona, VA 24482, on a 0.81-acre lot with 11 parking spaces.
  • Built in 1995, one-story building, B2 zoning.
  • 6.00% cap rate.

Property Details for 10 Ml Rd

Property type
Retail properties, Restaurants
Square Feet
3,461 SF
Year Built
1995
Buildings
1
Stories
1
Lot Size (sq. ft)
35,284 SF

Location Insight

City
Verona
County
Augusta
State
Virginia
Latitude
38.20225237
Longitude
-79.00889378
10 Ml Rd, Verona, Virginia

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10 Ml Rd
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