TGI Friday’s Williamsburg, VA

5509 Richmond Road
Williamsburg, VA

Price: $2991000
Cap Rate: 5.25%
NOI: $156,999
Building Size: Approx. 7000 Sq. Ft.
Lot Size: Approx. 1.83 Acres
Type: Single-Tenant / Retail
Sub Category: Casual Dining
Year Built: 2006

Investment Overview

  • 7,000+/- SF Building on 1.83+/- Acre Site
  • 20-Yr Absolute, NNN Lease w/ 10% Rent Bumps Every 5-Yrs
  • Located along Richmond Road / US Highway 60 (21,161 VPD)
  • Adjacent to Williamsburg Premium Outlets (456,657 SF)
  • 5 Miles N of William & Mary College (8,258 Students)
  • Area Attractions: Historic Jamestowne |Governor’s Palace | Bassett Hall
  • Tourism: Virginia generated $2.2 billion in visitors spending FY 2014
  • 1-Mile Radius: Population growth 12.8%  l 3-Mile Average HH Income:  $77,989
  • Virginia Beach – Norfolk – Newport News (MSA) | Population: 1,700,000

Copyright © 2024 Secure Net Lease.