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Restaurant

Applebee's (Dark)

89 Elliot Dr, Lebanon, VA 24266

Listing Price: $990,000

Cap Rate
10.95%
Tenant Name
Applebee's
Years Remaining On Lease
5.6
Guarantor
Franchisee Guarantee
Rentable SF
4,552
Lease Type
Absolute Net
Rent Per Square Feet
$23.82

Investment Overview

-?Pad Site to Walmart Supercenter & Regional AT&T Call Center (55,000 Sqft) ?-Large Lot - 1.41 Acres ? -Surrounded by Strong Mix of National and Regional Tenants Including Advance Auto Parts, KFC, Dollar Tree, and Verizon Wireless ? -Limited Casual Dining Competition in Surrounding Area

Investment Highlights

  • ?Redevelopment Play or Owner/User Opportunity
  • ?5.5 Years Remaining on Lease
  • ?Tenant is Paying Rent and is Responsible for Approximately $600,000 in Future Rent Obligations
  • ?Absolute NNN Lease with Franchisee

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Restaurant

Applebee's (Dark)

Listing Price: $990,000

Cap Rate
10.95%
Tenant Name
Applebee's
Years Remaining On Lease
5.6
Guarantor
Franchisee Guarantee
Rentable SF
4,552
Lease Type
Absolute Net
Rent Per Square Feet
$23.82

Investment Highlights

  • ?Redevelopment Play or Owner/User Opportunity
  • ?5.5 Years Remaining on Lease
  • ?Tenant is Paying Rent and is Responsible for Approximately $600,000 in Future Rent Obligations
  • ?Absolute NNN Lease with Franchisee

Investment Overview

-?Pad Site to Walmart Supercenter & Regional AT&T Call Center (55,000 Sqft) ?-Large Lot - 1.41 Acres ? -Surrounded by Strong Mix of National and Regional Tenants Including Advance Auto Parts, KFC, Dollar Tree, and Verizon Wireless ? -Limited Casual Dining Competition in Surrounding Area

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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