Freestanding Restaurant with Long-Term
For Sale
Contact for pricing
Pending
2790 Market Street NE, Christiansburg, VA 24073
Freestanding Applebee’s building offered for sale with 11+ years remaining on the current lease.
Days on Market112
Property Features for 2790 Market Street NE
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Issenberg Britti Group
(786) 522-7017
Listed By:
Gabriel Britti · License #FL SL3211804
Source:
Crexi
Added: Apr 10
Changed: Jul 22
Last Checked: Jul 30 at 4:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Issenberg Britti Group
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present a freestanding Applebee’s restaurant with approximately 4,524 square feet. The current lease includes over 11 years remaining on the base term, with 10 percent increases scheduled every five years. The next rent increase is noted for June 2018.
The property is located across the street from New River Valley Mall, a 500,000+ square foot regional mall anchored by Belk, JCPenney, Dick’s Sporting Goods, and Kohl’s.
This is a conventional restaurant asset built for a dedicated, freestanding operation within a retail-centered environment.
The property is located across the street from New River Valley Mall, a 500,000+ square foot regional mall anchored by Belk, JCPenney, Dick’s Sporting Goods, and Kohl’s.
This is a conventional restaurant asset built for a dedicated, freestanding operation within a retail-centered environment.
Key Highlights
- ±4,524 SF freestanding Applebee’s building in Christiansburg, VA
- Lease has 11+ years remaining on the base term
- Rent increases are 10% every five years
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
1.1M
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Apparel 25%
Shops & Services 20%
Superstores 12%
Walmart
Superstores
118,464 visits/mo
0.4 miles
T.J. Maxx
Apparel
50,277 visits/mo
0.4 miles
Academy Sports + Outdoors
Apparel
45,718 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
43,969 visits/mo
0.3 miles
Texas Roadhouse
Dining
37,672 visits/mo
0.3 miles
Demographics for 24073, VA
32,093
Population
14,248
Households
2.3
Avg Household Size
39
Median Age
42%
College-Educated
94%
High-School Grad
89.6 sq mi
ZIP Area
358
Density / Sq Mi
$75,103
Median Household Income
$46,396
Median Earnings
$1,150
Median Rent
$247,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding Applebee’s building offered for sale with 11+ years remaining on the current lease.
Where is this conventional restaurant located?
The property is located at 2790 Market Street NE Christiansburg, VA.
What are key features of this property?
This property features: ±4,524 SF freestanding Applebee’s building in Christiansburg, VA; Lease has 11+ years remaining on the base term; Rent increases are 10% every five years
