1121 Memorial Blvd S - Fast Food FOR SALE


Martinsville, VA 24112
$499,000 USD
276-632-5325
1121 Memorial Blvd S, Martinsville, VA for Sale
$499,000 USD
Fast Food - FOR SALE
1/14
null | 12.93% Cap Rate

1121 Memorial Blvd S
Martinsville, VA 24112


HIGHLIGHTS

  • Property is offered at an 12.93% CAP with 13 months remaining on NNN lease. Potential lease buyout opportunity also.
  • Excellent opportunity for a repositioning, redevelopment or a user/owner scenario.
  • Average Daily Traffic of 8,000 Vehicles
  • Some Furniture, Fixtures & Equipment may remain.

OVERVIEW

2,096 sf Freestanding Fast Food restaurant with Drive-Thru on 0.751 acres on Memorial Boulevard in Martinsville, VA. Average Daily Traffic of 8,000 vehicles on this heavily trafficked north/south corridor. The property currently leased (NNN) to Biscuitville through 3/31/2026. Biscuitville has relocated to another location in the market and is willing to buy out the remaining lease if purchaser desires. Some Furniture, Fixtures & Equipment shall remain and are negotiable for purchaser - an inventory will be added to listing. Retail and service neighboring businesses include Auto Zone, O’Reilly Auto, ValleyStar Credit Union, Ferguson Plumbing Supply, Family Dollar, Subway, KFC, Fridays Garden Deli, Mi Ranchito Mexican Restaurant, Stone Dynamics, etc.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

12.93%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Biscuitville

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Bar, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,713 SF

ZONING

C-C

APN/PARCEL ID

000990213

ASK ABOUT THIS PROPERTY

Will VaughnJ & R Management, Inc.More Info
276-632-5325

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Will VaughnJ & R Management, Inc.More Info
276-632-5325

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.