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Restaurant

Rocky Mount Smokehouse

480 Tanyard Rd, Rocky Mount, VA 24151

Listing Price: $718,000

Cap Rate
7.75%
Tenant Name
Rocky Mountain Smokehouse
Years Remaining On Lease
10.8
Gross SF
3,428
Guarantor
Franchisee Guarantee
Rentable SF
3,428
Price/Gross SF
$209.45
Lease Type
Absolute Net
Rent Per Square Feet
$15.76

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Rocky Mountain Smokehouse in Rocky Mountain, VA. The property consists of a 3,428-square-foot, freestanding building that sits on approximately 0.31 acres of land. There are 10.9 years remaining on the lease with 3% rental increases annually.

Investment Highlights

  • Absolute Net Lease with 10.9 Years Remaining and 3% Annual Rent Increases
  • Established Restaurant Location with New Roof and Proven Operating History
  • High-Visibility Site on Tanyard Road (18,029 VPD)
  • Adjacent to Franklin County High School (1,904 Students) and Within a Proven Retail Destination
  • Part of the Roanoke MSA – Western Virginia's Economic and Cultural Hub

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Restaurant

Rocky Mount Smokehouse

Listing Price: $718,000

Cap Rate
7.75%
Tenant Name
Rocky Mountain Smokehouse
Years Remaining On Lease
10.8
Gross SF
3,428
Guarantor
Franchisee Guarantee
Rentable SF
3,428
Price/Gross SF
$209.45
Lease Type
Absolute Net
Rent Per Square Feet
$15.76

Investment Highlights

  • Absolute Net Lease with 10.9 Years Remaining and 3% Annual Rent Increases
  • Established Restaurant Location with New Roof and Proven Operating History
  • High-Visibility Site on Tanyard Road (18,029 VPD)
  • Adjacent to Franklin County High School (1,904 Students) and Within a Proven Retail Destination
  • Part of the Roanoke MSA – Western Virginia's Economic and Cultural Hub

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Rocky Mountain Smokehouse in Rocky Mountain, VA. The property consists of a 3,428-square-foot, freestanding building that sits on approximately 0.31 acres of land. There are 10.9 years remaining on the lease with 3% rental increases annually.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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