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Horvath & Tremblay Closes Sale Of Wendy's In Powhatan, VA For $1.4M
SOLD
$1,400,000
Virginia
See Similar DealsRetail3,288 SF
Sold 11/22/2023
SOLD
Horvath & Tremblay Closes Sale Of Wendy's In Powhatan, VA For $1.4M
1792 South Creek One
See Similar DealsRetail3,288 SF
Sold 11/22/2023
Summary
VIRGINIA
Asset Type:Retail
Price Per Square Foot:$425
Total Square Footage:3,288 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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