1251 Boston RdDanville, VA 24540

  • Turn key restaurants
  • 6,524 SF
For Sale
$1,700,000 View listing

Property Details for 1251 Boston Rd

Year built
2003
Lot size
1.16 AC
Property size (Sq ft)
6,524 SF
Zone code
HIGHWAY RETAIL COMM
Property type
Turn key restaurants
APN
78254
APU
78254

Description

This exceptional investment opportunity presents a sale-leaseback of a Wendy's restaurant located at 1251 South Boston Rd, Danville, VA 24540. The property, built in 2000 and renovated in 2020, boasts 2,804 square feet on a 1.2-acre lot. The offering includes a 15-year net lease (NNN), commencing December 1, 2024, and expiring November 30, 2039, with a current annual net operating income (NOI) of $96,000, representing a 5.65% cap rate. The asking price is $1,700,000. This Wendy's is operated by a highly successful franchisee with a proven track record, owning and operating over 25 Wendy's locations across Virginia and North Carolina since 1988. The property benefits from a highly accessible location, close proximity to multifamily residential areas and major retailers, and its strategic placement along a major highway. This is one of six Wendy's properties available, each sold separately, offering a portfolio investment opportunity. The tenant, a top Wendy's franchisee, ensures a strong and stable income stream with minimal landlord responsibilities. This is a rare opportunity to acquire a high-performing, passively managed asset in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,433,512
    6.5%
    $1,323,242
    7%
    $1,228,725
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,773,748
    Geo Method
    $3,773,748
  • Alternative Use

    Use
    Valuation
    Residential
    $1,116,204
    Hospitality
    $1,022,437
    Educational
    $850,656
    Medical
    $879,911
    Retail
    $1,323,242

Location Insight

City
Danville
County
Danville City
State
Virginia
Latitude
36.5833
Longitude
-79.3525
CBSA code
19260
CBSA name
DANVILLE, 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
2021
$6,072
$232,600
$512,400
$745,000
-
$232,600
$512,400
$745,000

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].