Restaurant building sold in King George

Virginia Business //August 12, 2019//

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A restaurant property in King George County has sold for $1.7 million.

The commercial real estate firm Cushman & Wakefield | Thalhimer said the 4,587-square-foot building at 16361 Gateway Lane was sold as a net-leased investment to Gateway Holdings LLC.

Gateway Hospitality LLC was the seller.

The building was constructed in 2018 for an IHOP restaurant.

It is located in the King George Gateway retail center, which is anchored by a Walmart store.

Wilson H. Greenlaw of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser.

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