Freestanding NNN Restaurant
For Sale
Contact for pricing
Pending
701 S College Ave, Bluefield, VA 24605
Restaurant asset with tenant-paid property expenses near established retail anchors and a university campus.
Property SizeContact for details
Days on Market142
Property Features for 701 S College Ave
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Cap Rate
7%
Road Access
Yes
Listing Agency:
Northmarq - Walnut Creek
Listed By:
Chris Lomuto · License #CA 01962410
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 2:58AM
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 Northmarq - Walnut Creek
Investment Insights
Based on property information with market context.
This freestanding Hardee’s restaurant at 701 S College Ave in Bluefield, VA is subject to an absolute NNN lease, placing all property expenses with the tenant. Boddie Noell Enterprises operates the location and is identified as the largest Hardee’s franchisee in the United States, with roughly 335 restaurants and more than 60 years of Hardee’s experience.
The property occupies a position on College Avenue, described as a primary north-south commercial corridor. It is adjacent to a Family Dollar-anchored shopping center and near Walmart Supercenter, Lowe’s, Dollar Tree, and Ashley Homestore. Bluefield University is 1.5 miles away.
The lease is in the 10th year of a 14-year base term, followed by 4 renewal options of 5 years each beginning in May 2027. The offering reflects a 7.00% cap rate, and 2022 sales were reported at almost 40% above the Hardee’s system-wide average.
The property occupies a position on College Avenue, described as a primary north-south commercial corridor. It is adjacent to a Family Dollar-anchored shopping center and near Walmart Supercenter, Lowe’s, Dollar Tree, and Ashley Homestore. Bluefield University is 1.5 miles away.
The lease is in the 10th year of a 14-year base term, followed by 4 renewal options of 5 years each beginning in May 2027. The offering reflects a 7.00% cap rate, and 2022 sales were reported at almost 40% above the Hardee’s system-wide average.
Key Highlights
- Absolute NNN lease assigns all property expenses to the tenant
- Operated by Boddie Noell Enterprises, with roughly 335 Hardee’s restaurants
- 2022 sales were almost 40% above the Hardee’s system‑wide average
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 11%
Electronics 10%
Burger King
Dining
14,384 visits/mo
0.4 miles
Hardee's
Dining
8,872 visits/mo
0.0 miles
Cricket Wireless Authorized Retailer
Electronics
3,223 visits/mo
0.5 miles
Papa John's Pizza
Dining
2,781 visits/mo
0.1 miles
H&R Block
Shops & Services
2,711 visits/mo
0.1 miles
Demographics for 24605, VA
9,104
Population
4,187
Households
2.2
Avg Household Size
45
Median Age
22%
College-Educated
91%
High-School Grad
49.1 sq mi
ZIP Area
185
Density / Sq Mi
$51,411
Median Household Income
$39,026
Median Earnings
$823
Median Rent
$144,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Restaurant asset with tenant-paid property expenses near established retail anchors and a university campus.
Where is this nnn property located?
The property is located at 701 S College Ave Bluefield, VA.
What are key features of this property?
This property features: Absolute NNN lease assigns all property expenses to the tenant; Operated by Boddie Noell Enterprises, with roughly 335 Hardee’s restaurants; 2022 sales were almost 40% above the Hardee’s system‑wide average
