Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3452/retail/lebanon/va Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 21 Highland Drive in Lebanon, Virginia is a vacant ±2,785-square-foot freestanding former Wendy’s positioned for restaurant reuse, owner-user occupancy, lease-up, or adaptive reuse. Built in 1983 on ±1.1377 acres, the Property features an existing drive-thru, pylon sign, 35 surface parking spaces, two curb cuts, and approximately 427 feet of combined frontage along E Main Street/US Route 19 and Highland Drive. The hard-corner site benefits from ±8,929 VPD on E Main Street and convenient access to US-19, which carries approximately ±12,331 VPD. The Property occupies an outparcel position at the Russell County Government Center, adjacent to Veterans Memorial Park, and is surrounded by Food City, Walgreens, McDonald’s, Taco Bell, Burger King, Pizza Hut, Dollar General, and other commercial uses. Zoned C-1, Commercial, the Property offers potential for a variety of commercial uses, subject to confirmation of permitted uses and municipal requirements. CoStar estimates retail market rents at $10-$12/SF NNN. The Property is approximately 25 minutes from Historic Downtown Abingdon and 42 miles from Bristol Motor Speedway. Within five miles, the surrounding trade area includes nearly 7,200 residents with average household income approaching $79,000.