Property Details

Applebee’s

Chester, VA
Property ID: 2264

    Financial Summary

    Asking Price $3,626,464
    Cap Rate 7.00%
    Net Operating Income (NOI) $253,850
    Lease Type NNN
    Lease Term Remaining 11 Years
    The Offering Memorandum for this property is no longer available.

    Contact

    Rick Fernandez
    Senior Managing Director
    703.787.4732

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    Highlights

    • At I-95/Route 1 and 301 exchange with McDonalds, Panera Bread, Chick-fil-A, Kroger, Super Target, Lowe’s, Kohl’s, The Home Depot and a new PetSmart
    • Dense retail trade area - 64,000 VPD
    • 62,930 pop and $80,978 average income within 5 Miles
    • Guaranteed by the sixth largest franchisee in the Applebee’s system (67 units)
    • Major road enhancements to improve traffic flow and access
    • 10+ years remain on the lease

    Net Lease Advisor

    For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

    Location

    2611 West Hundred Road
    Chester, VA

    Traci BidingerApplebee’s