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Apple Market

407 N Bridge St, Bedford, VA 24523

Listing Price: $1,359,375

Cap Rate
5.60%
Tenant Name
GPM Apple, LLC
Years Remaining On Lease
12.4
Guarantor
Corporate Guarantee
Rentable SF
2,883
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.40

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Apple Market located at 407 N Bridge Street in Bedford, VA. The site consists of roughly 2,883 rentable square feet of building space on estimated 0.57-acre parcel of land. This Apple Market is subject to a 20-year absolute triple-net (NNN) lease with zero landlord responsibilities. The current annual rent is $75,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 2, 10-year renewal options.

Investment Highlights

  • Long-Term, Absolute Triple Net (NNN) Lease
  • More Than 12 Years Remaining
  • 1.50% Annual Increases

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Auto Service - Gas-Conv

Apple Market

Listing Price: $1,359,375

Cap Rate
5.60%
Tenant Name
GPM Apple, LLC
Years Remaining On Lease
12.4
Guarantor
Corporate Guarantee
Rentable SF
2,883
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.40

Investment Highlights

  • Long-Term, Absolute Triple Net (NNN) Lease
  • More Than 12 Years Remaining
  • 1.50% Annual Increases

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Apple Market located at 407 N Bridge Street in Bedford, VA. The site consists of roughly 2,883 rentable square feet of building space on estimated 0.57-acre parcel of land. This Apple Market is subject to a 20-year absolute triple-net (NNN) lease with zero landlord responsibilities. The current annual rent is $75,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 2, 10-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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