Property Details

Applebee’s

Front Royal, VA
Property ID: 2465

Financial Summary

Asking Price $2,090,000
Cap Rate 5.50%
Net Operating Income (NOI) $114,950
Lease Type Ground Lease, NNN
Lease Term Remaining 12 Years
The Offering Memorandum for this property is no longer available.

Contact

Rick Fernandez
Senior Managing Director
703.787.4732

Share Property

Highlights

  • Outparcel to 406,587 SF Riverton Commons Super Walmart, Lowe’s and Aldi, Super Target and Petco anchored retail area
  • 12 years remaining on the 20 year lease
  • Building becomes the property of ground lease owner at termination
  • Approximately $1.3M in building construction costs
  • Strategically located at the interchange of I-66 and Route 522/340
  • Well positioned to draw from an extensive trade area, including Winchester, VA
  • 22,000 VPD

Net Lease Advisor

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

Location

45 Riverton Commons Plaza
Front Royal, VA

Traci BidingerApplebee’s