10 Ml RdVerona, VA 24482

Property Details for 10 Ml Rd

Year built

1995

Lot size

0.81 AC

Property size (Sq ft)

3,461 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Verona

County

Augusta

State

Virginia

Latitude

38.2023

Longitude

-79.0089

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].