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1792 South Creek One

Horvath & Tremblay Closes Sale Of Wendy's In Powhatan, VA For $1.4M
SOLDRetail

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

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

Kyle Danielson

Horvath & Tremblay

Broker

$55.2M

vol

15 deals

Broker

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