Applebee’s NNN Restaurant
516 Commerce Dr Bluefield, VA 24605
516 Commerce Dr, Bluefield, VA, 24605
$2,735,459
For Sale
$2,735,459
Absolute triple-net lease with approximately 12 years remaining and multiple five-year renewal options.
Property Size5,391 SF
Price / SF$507.41
Days on Market110
Property Features for 516 Commerce Dr
General Information
- Standard status
- Active
- Size
- 5,391 SF
- Property subtype
- Restaurant
Listing agency
Portland Office
(503) 200-2061
Listed by
Joseph Dabush · License #OR: 201257377
(503) 200-2061
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 21 at 6:21AM Checked: Jul 21 at 6:21AM
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Investment Insights
Based on property information with market context.
This is an Applebee’s restaurant investment offered with an absolute triple-net (NNN) lease structure and zero landlord responsibilities. The lease has approximately 12 years remaining, with rental increases of 1.50% annually starting May 2026. Tenant/guarantor is Legacy Apple III / Legacy Apple II, with four renewal periods of five years each.
The property is located at 516 Commerce Dr in Bluefield, VA (24605) on a dense retail corridor that includes Walmart, Lowe’s, Bob Evans, Wendy’s, McDonald’s, BB&T, Ashley Homestore, Taco Bell, Burger King, and others. Highway 460 is reported at approximately 18,000 vehicles per day, and the site is described as located just down the street from Bluefield College, founded in 1895 with total enrollment exceeding 1,000 students.
The property is located at 516 Commerce Dr in Bluefield, VA (24605) on a dense retail corridor that includes Walmart, Lowe’s, Bob Evans, Wendy’s, McDonald’s, BB&T, Ashley Homestore, Taco Bell, Burger King, and others. Highway 460 is reported at approximately 18,000 vehicles per day, and the site is described as located just down the street from Bluefield College, founded in 1895 with total enrollment exceeding 1,000 students.
Key Highlights
- Absolute triple‑net (NNN) lease structure with approximately 12 years of lease term remaining
- Tenant rental increases of 1.50% annually starting in year May 2026
- Includes four (4) tenant renewal periods of five (5) years each
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Absolute triple-net lease with approximately 12 years remaining and multiple five-year renewal options.
Where is this conventional restaurant located?
The property is located at 516 Commerce Dr Bluefield, VA.
What is the asking price?
The asking price for this property is $2,735,459.
What are key features of this property?
This property features: Absolute triple‑net (NNN) lease structure with approximately 12 years of lease term remaining; Tenant rental increases of 1.50% annually starting in year May 2026; Includes four (4) tenant renewal periods of five (5) years each
