139 Lee Jackson Hwy Staunton, VA 24401-5503
Property profile & analytics
139 Lee Jackson Hwy, Staunton, VA 24401-5503
- Turn key restaurants
- 5,009 SF
- 1.03 lot acres
Property ID
US87-3300014
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Applebee's Grill + Bar / Restaurant
Property Details for 139 Lee Jackson Hwy
- Year built
- 1995
- Lot size
- 1.03 lot acres
- Zone code
- GENERAL BUSINESS
- Property type
- Turn key restaurants
- APN
- 055B 1 9
- APU
- 055B19
Description
This exceptional investment opportunity presents a 5,009 square foot Applebee's restaurant located on a 1.03-acre lot at 139 Lee Jackson Hwy, Staunton, VA 24401. The property boasts a strong 8.50% cap rate and a substantial net operating income (NOI) of $258,019. The current lease, a triple-net (NNN) ground lease with an experienced franchisee (Potomac Family Dining Group Operating Company LLC, operating 49 locations), has a remaining term of approximately 3.6 years, expiring June 12, 2028, with four, five-year lease options including a 10% rent increase every five years. This Applebee's location enjoys a highly visible position on Staunton's main retail corridor, benefiting from its proximity to major roadways like US-11 Lee Jackson Highway, Interstate 81, and State Route 262 (with a combined 78,065 vehicles per day). The property's strategic location near other established businesses, including Exxon, a Hampton Inn, Red Lobster, McDonald's, and Starbucks, ensures consistent traffic and visibility. This Applebee's consistently performs well, ranking in the 77th percentile statewide, attracting 164,000 annual customer visits. The property is situated in a growing submarket within the Shenandoah Valley, with a population of 57,122 residents within a 15-minute drive. Financial reporting and store sales data are available upon request. This is a rare opportunity to acquire a well-established, high-performing restaurant investment in a prime location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Staunton
- County
- Augusta
- State
- Virginia
- Longitude
- -79.0664
- Latitude
- 38.1229
- CBSA code
- 44420
- CBSA name
- STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,908
$412,200
$765,900
$1,178,100
-
$412,200
$765,900
$1,178,100
