516 Commerce Dr 5 881 pi² Commerce de détail Immeuble Bluefield, VA 24605 3 707 370 $ CAD (630,40 $ CAD/pi²) 5,91% Taux de capitalisation

We are pleased to present for sale this APPLEBEE'S NEIGHBORHOOD GRILL & BAR, located along the primary commercial corridor of Bluefield, Virginia, one of the most active retail nodes in the region. This freestanding restaurant sits on a well-positioned pad site within a dense national co-tenancy environment that includes Walmart, Lowe's, Sam's Club, McDonald's, Wendy's, Taco Bell, and Burger King, benefiting from exceptional visibility and access along U.S. Route 460. The subject property is corporate-operated by Legacy Apple III / Legacy Apple II, part of Thrive Restaurant Group, a seasoned multi-unit franchisee with over 50 years of experience operating more than 100 restaurants across four brands. The investment is secured by an absolute triple net lease with zero landlord responsibilities, a lease expiration of May 2038, and four five-year renewal options extending the investment runway well into the future. Contractual 1.50% annual rent escalations commencing May 2026 grow annual rent from $157,289 to $188,057 over the primary term, providing investors with predictable, compounding income growth from day one. Opened in 2005, this Applebee's has demonstrated sustained performance through multiple economic cycles and serves a broad trade area of nearly 40,000 residents within ten miles. As the world's largest casual dining chain with over 2,000 locations, Applebee's brings institutional brand recognition and everyday dining demand that makes this a truly passive, recession-resilient investment.