Restaurant

Applebee's

516 Commerce Dr, Bluefield, VA 24605

Listing Price: $1,866,667

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
5,391
Guarantor
Franchisee Guarantee
Rentable SF
5,391
Price/Gross SF
$346.26
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.37

Investment Overview

The subject investment property is situated along Commerce Dr, situated just off of Highway 460, which is a main thoroughfare in Bluefield, and has an average daily traffic count of 18,000 vehicles. Additionally, nearby College Ave brings a total of 12,000 vehicles to the immediate area, on average, each day. There are approximately 14,000 people living within a three-mile radius of the subject property and nearly 21,000 people withing a five-mile radius.

Investment Highlights

  • 15-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 1.50% Annually
  • Four (4) Tenant Renewal Periods of Five (5) Years Each

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

Listing Price: $1,866,667

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
5,391
Guarantor
Franchisee Guarantee
Rentable SF
5,391
Price/Gross SF
$346.26
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.37

Investment Highlights

  • 15-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 1.50% Annually
  • Four (4) Tenant Renewal Periods of Five (5) Years Each

Investment Overview

The subject investment property is situated along Commerce Dr, situated just off of Highway 460, which is a main thoroughfare in Bluefield, and has an average daily traffic count of 18,000 vehicles. Additionally, nearby College Ave brings a total of 12,000 vehicles to the immediate area, on average, each day. There are approximately 14,000 people living within a three-mile radius of the subject property and nearly 21,000 people withing a five-mile radius.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

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