M id A tlantic Real Estate Journal — DelMarVa — August 2025 — 11
www.marej.com
D el M ar V a Prime Virginia retail locations attract buyers nationwide Horvath & Tremblay sells three retail properties in Virginia for $7,386,091
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the area’s primary commer- cial and commuter corridor. The property is positioned in between Walmart Super- center and a Kroger anchored shopping center in the heart of Lee’s commercial district and is surrounded by national retailers and restaurants that drive traffic to the area. The Property is convenient to resi- dential neighborhoods, area schools and is just 2 miles from Radford University, all of which provide a built-in customer base. The property offers convenient access to US Rte. 11, VA Rtes. 114 and 177 and I-81. MAREJ
IRGINIA — Horvath & Tremblay has com- pleted the sale of three retail properties in Virginia for a total of $7,386,091. Kyle Danielson and Aus- tin Smith of Horvath & Trem- blay have completed the sale of a Wendy’s in Ashland. Horvath & Tremblay exclusively repre- sented the seller to complete the transaction at a sale price of $2.1 million. Wendy’s is located at 11650 Lakeridge Pkwy in Ashland. Wendy’s occupies a 3,415 s/f building positioned on a 1.04-acre par- cel of land. Wendy’s has been at this location since 2014 and has 9+ years remaining on their absolute triple-net lease with four, 5-year renewal options. The lease calls for attractive rent increases every five years throughout the primary lease term and at the start of each renewal option. Wendy’s is situ- ated along Lakeridge Rd. inside Winding Brook, a 185-acre mixed-use development that features retailers, restaurants, entertainment, hospitality, and residential properties. Wendy’s enjoys outstanding frontage and visibility and is seconds from I-95 and US Rte. 1, the area’s primary commercial and commuter corridors. Matt Nadler and Kyle Dan- ielson of Horvath & Tremblay have successfully completed the sale of a Starbucks in Roanoke. Horvath & Tremblay exclusive- ly represented the seller to com- plete the transaction at a sale price of $2.977 million. Star- bucks is located at 7521 Friend- ship Lane in Roanoke. The new construction Starbucks is operating under a rare 15-year lease with six, 5-year renewal options. The lease features 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. Starbucks is located at the signalized in- tersection of Friendship Lane and Plantation Rd. and enjoys excellent visibility, frontage, and prominent signage. The new construction property features a drive through and outdoor patio and is seconds from I-81 and less than 1-mile from US Hgwy. 11, the area’s primary commercial and com- muter corridor. Horvath & Tremblay’s Bob Horvath, Todd Tremblay , Kyle Danielson and Chris King have also facilitated the sale of Chipotle in Rad- ford. Horvath & Tremblay
Starbucks in Roanoke, VA
Wendy’s in Ashland, VA
12+ years remaining on their Triple Net Lease with four, 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each
represented the seller and procured the buyer to com- plete the transaction at a sale price of $2,309,091. Chipotle is located at 7406 Lee High- way in Radford. The newer construction Chipotle has
renewal option. The property features a Chipotlane (drive- thru) and outdoor patio space, both designed to enhance the customer experience and drive sales. Chipotle is well located along Lee Highway,
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