Applebees 516 Commerce Dr — Sale in Bluefield, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Bluefield, VA 24605

Investment Figures

Cap rate
5.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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

Market Context

This retail in Bluefield, VA is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Bluefield, VA — view the full market.

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