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Restaurant

Applebee's | 4+ Years Remain | Established, Well-Performing Location

139 Lee Jackson Hwy, Staunton, VA 24401

Listing Price: $3,685,989

Cap Rate
7.00%
Tenant Name
Applebee's
Years Remaining On Lease
4.1
Guarantor
Franchisee Guarantee
Rentable SF
5,009
Lease Type
NNN Ground Lease
Rent Per Square Feet
$51.51

Investment Overview

Applebee’s occupies a prominent 1.03-acre parcel just off of State Highway 262, Staunton Beltway along US-11 Lee Jackson Highway, Staunton’s main retail corridor. The property has ample frontage with clear visibility and operates adjacent to Exxon and a 76-room Hampton Inn. It also benefits from synergy with neighboring restaurant users, Red Lobster, McDonald’s, and Starbucks which help generate consistent daytime traffic. Applebee’s performs well in this location, ranked in the 77th percentile statewide with 164 thousand annual customer visits.

Investment Highlights

  • Experienced Operator with 49 Locations
  • Established, Well-Performing Location; 11th of 45 Locations Statewide by Placer.ai
  • Busy Retail Node at Cloverleaf of I-81 & State Route 262 (78,065 VPD)

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Jeffrey Pensak

    Associate

    (202) 536-3760

    Email Jeffrey

    License(s): MD: 681663, PA: RSR005189, VA: 0225261924

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Restaurant

Applebee's | 4+ Years Remain | Established, Well-Performing Location

Listing Price: $3,685,989

Cap Rate
7.00%
Tenant Name
Applebee's
Years Remaining On Lease
4.1
Guarantor
Franchisee Guarantee
Rentable SF
5,009
Lease Type
NNN Ground Lease
Rent Per Square Feet
$51.51

Investment Highlights

  • Experienced Operator with 49 Locations
  • Established, Well-Performing Location; 11th of 45 Locations Statewide by Placer.ai
  • Busy Retail Node at Cloverleaf of I-81 & State Route 262 (78,065 VPD)

Investment Overview

Applebee’s occupies a prominent 1.03-acre parcel just off of State Highway 262, Staunton Beltway along US-11 Lee Jackson Highway, Staunton’s main retail corridor. The property has ample frontage with clear visibility and operates adjacent to Exxon and a 76-room Hampton Inn. It also benefits from synergy with neighboring restaurant users, Red Lobster, McDonald’s, and Starbucks which help generate consistent daytime traffic. Applebee’s performs well in this location, ranked in the 77th percentile statewide with 164 thousand annual customer visits.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Jeffrey Pensak

    Associate

    (202) 536-3760

    Email Jeffrey

    License(s): MD: 681663, PA: RSR005189, VA: 0225261924

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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