Horvath & Tremblay Closes Sale Of Wendy's In Powhatan, VA For $1.4M
1792 South Creek One
$1,400,000
$425/SF
Building Size
3,288 SF
Asset Type
Retail
Closing
Nov 22, 2023
AI
A Wendy's restaurant located at 1792 South Creek One in Powhatan, VA has been sold for a price of $1,400,000. The property has a total area of 3,288 square feet, resulting in a price per square foot of $426.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,400,000
- Address: 1792 South Creek One, Powhatan, VA
- Market: Powhatan, VA
- Brokers: Kyle Danielson & Hill Kanellos - Horvath & Tremblay
Kyle Danielson and Hill Kanellos of Horvath & Tremblay facilitated the sale of the Wendy's in Powhatan, VA. The buyer in this transaction was also represented by Horvath & Tremblay. No additional information was available regarding the individuals involved in the deal.
Players
Powhatan Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93