Net-Lease Applebee's
For Sale
Contact for pricing
1396 Armory Dr, Franklin, VA 23851
Fee simple Applebee’s is offered with an absolute NNN lease featuring scheduled 10% rent increases every five years.
Property SizeContact for details
Days on Market122
Property Features for 1396 Armory Dr
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
The Kase Group
(925) 348-1844
Listed By:
Kase Abusharkh · License #TX 708586
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 1:36PM
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 The Kase Group
Investment Insights
Based on property information with market context.
This offering presents a fee simple interest in an absolute NNN leased Applebee’s restaurant. The property is governed by a long-term 15-year lease, with rent increases of 10% every five years. The rent increase structure carries through the lease’s renewal options. The current tenant is Potomac Family Dining Group, an operator of 65 restaurants.
The site is positioned along Armory Drive, identified as the main retail corridor in Franklin. The property is also adjacent to the Southhampton Shopping Center, anchored by Food Lion, Belk, and Roses.
The site is positioned along Armory Drive, identified as the main retail corridor in Franklin. The property is also adjacent to the Southhampton Shopping Center, anchored by Food Lion, Belk, and Roses.
Key Highlights
- Fee simple interest in an Applebee’s with an absolute NNN lease.
- Long‑term 15‑year lease term with scheduled rent increases of 10% every five years.
- Rent increase structure carries through the lease options to renew.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Home Improvements & Furnishings 16%
Groceries 12%
Dining 12%
Ace Hardware - Farmers Produce Co
Home Improvements & Furnishings
6,761 visits/mo
0.3 miles
Dollar General
Shops & Services
5,890 visits/mo
0.4 miles
Virginia ABC
Groceries
5,407 visits/mo
0.4 miles
Dunkin' Donuts
Dining
5,404 visits/mo
0.4 miles
Family Dollar
Shops & Services
5,391 visits/mo
0.5 miles
Demographics for 23851, VA
13,258
Population
6,063
Households
2.2
Avg Household Size
44
Median Age
25%
College-Educated
88%
High-School Grad
108.7 sq mi
ZIP Area
122
Density / Sq Mi
$73,333
Median Household Income
$42,841
Median Earnings
$1,006
Median Rent
$222,700
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?
NNN property - Fee simple Applebee’s is offered with an absolute NNN lease featuring scheduled 10% rent increases every five years.
Where is this nnn property located?
The property is located at 1396 Armory Dr Franklin, VA.
What are key features of this property?
This property features: Fee simple interest in an Applebee’s with an absolute NNN lease.; Long‑term 15‑year lease term with scheduled rent increases of 10% every five years.; Rent increase structure carries through the lease options to renew.
