Restaurant
APPLEBEE’S | 516 COMMERCE DR
516 Commerce Dr, Bluefield, VA 24605
Listing Price: $2,735,459
Investment Overview
Optimal Lease Structure
• Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
• Approximately 12 Years of Lease Term Remaining
• Attractive Rental Increases | 1.50% Annually Starting Year May 2026
• Four (4) Tenant Renewal Periods of Five (5) Years Each
• Tenant / Guarantor: Legacy Apple III / Legacy Apple II (40+
Restaurants)
Compelling Location Fundamentals
• Dense Retail Corridor | Walmart, Lowe’s, Bob Evans, Wendy’s,
McDonald’s, BB&T, Ashley Homestore, Taco Bell, Burger King, and
Many More
• Strong Traffic Counts | Highway 460 | Average Daily Traffic Counts of
18,000 Vehicles
• Located Just Down the Street from Bluefield College | HBCU Founded
in 1895 | Total Enrollment Exceeds 1,000 Students
Strong Brand, Exceptional Operator
• Part of the Thrive Restaurant Group Family
• One of the Nation’s Largest Applebee’s Franchisees
• Comprised of Over 5,000 Employees with Over 50 Years of Operating
Experience
• Operate Four Brands Consisting of Over 100 Restaurants Throughout
12 States
Investment Highlights
- Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Approximately 12+ Years of Lease Term Remaining
- Attractive Rental Increases | 1.50% Annually Starting Year May 2026
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director / Market Leader
Listing Price: $2,735,459
Investment Highlights
- Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Approximately 12+ Years of Lease Term Remaining
- Attractive Rental Increases | 1.50% Annually Starting Year May 2026
Investment Overview
Optimal Lease Structure • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities • Approximately 12 Years of Lease Term Remaining • Attractive Rental Increases | 1.50% Annually Starting Year May 2026 • Four (4) Tenant Renewal Periods of Five (5) Years Each • Tenant / Guarantor: Legacy Apple III / Legacy Apple II (40+ Restaurants) Compelling Location Fundamentals • Dense Retail Corridor | Walmart, Lowe’s, Bob Evans, Wendy’s, McDonald’s, BB&T, Ashley Homestore, Taco Bell, Burger King, and Many More • Strong Traffic Counts | Highway 460 | Average Daily Traffic Counts of 18,000 Vehicles • Located Just Down the Street from Bluefield College | HBCU Founded in 1895 | Total Enrollment Exceeds 1,000 Students Strong Brand, Exceptional Operator • Part of the Thrive Restaurant Group Family • One of the Nation’s Largest Applebee’s Franchisees • Comprised of Over 5,000 Employees with Over 50 Years of Operating Experience • Operate Four Brands Consisting of Over 100 Restaurants Throughout 12 States
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director / Market Leader

