Commercial Real Estate in Virginia available for sale
1031 Exchange Properties For Sale

1031 Exchange Properties for Sale in Virginia, USA

More details for 439 Springview Rd, Hague, VA - Specialty for Sale

439 Springview Rd

Hague, VA 22469

  • 1031 Exchange Property
  • Specialty for Sale
  • $172,010 CAD
  • 1,200 SF
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More details for 516 Commerce Dr, Bluefield, VA - Retail for Sale

516 Commerce Dr

Bluefield, VA 24605

  • 1031 Exchange Property
  • Retail for Sale
  • $3,715,416 CAD
  • 5,881 SF

Bluefield Retail for Sale

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.

Contact:

Marcus & Millichap

Property Subtype:

Restaurant

Date on Market:

2025-08-04

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More details for 8 Lester St, Martinsville, VA - Retail for Sale

Former Bank Building - 8 Lester St

Martinsville, VA 24112

  • 1031 Exchange Property
  • Retail for Sale
  • Price Upon Request
  • 13,216 SF
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