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    89 Elliott Dr

    Lebanon, VA 24266
    • $1,245,853
    • STATUS: Active
    • ON SITE: 102 days
    • MLS #: 74468
    UPDATED: 55 min ago
    $1,245,853
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,750
      SQFT
    • $332
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    This former Applebee's restaurant in Lebanon, VA is now available for sale as a commercial investment. Triple net lease is in place with AIG Virginia, LLC through June 12, 2028 The 3,750 SF free-standing masonry building was constructed in 2006 and sits on a 1.413 AC lot with 80 parking spaces- a pad to Walmart Supercenter. Previous Applebee's restaurant closed in July 2019, and all restaurant equipment and furnishings remain. Property is located near the exit to US Highway 19 in an economic development area with retail anchors including Walmart, Dollar Tree, Advance Auto Parts, Rent-A-Center, Russell Cellular Verizon retailer, and CATO Fashions. Average daily traffic count of US HWY 19 is 13,000 as per VDOT. Rent: September 1, 2019 TO March 1, 2022- $7,786.57/month. Rent April 1, 2022 TO March 1, 2027- $9,036.57/month. Rent April 1, 2027 TO June 1, 2028- $9,453.24/month.

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    © 2020 Southwest Virginia Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Highlands Realty, Inc.. Data last updated: 2020-09-29T07:10:48.157.
    www.highlandsrealtyinc.com/homes/106994265
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    89 Elliott Dr Lebanon, VA 24266

    • Price: $1,245,853
    • Status: Active
    • Updated: 55 min ago
    • MLS #: 74468
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,750
    SQFT
    $332
    $/SQFT
    Neighborhood:
    Lebanon
    County:
    Russell
    Area:
    Lebanon
    Property Description
    This former Applebee's restaurant in Lebanon, VA is now available for sale as a commercial investment. Triple net lease is in place with AIG Virginia, LLC through June 12, 2028 The 3,750 SF free-standing masonry building was constructed in 2006 and sits on a 1.413 AC lot with 80 parking spaces- a pad to Walmart Supercenter. Previous Applebee's restaurant closed in July 2019, and all restaurant equipment and furnishings remain. Property is located near the exit to US Highway 19 in an economic development area with retail anchors including Walmart, Dollar Tree, Advance Auto Parts, Rent-A-Center, Russell Cellular Verizon retailer, and CATO Fashions. Average daily traffic count of US HWY 19 is 13,000 as per VDOT. Rent: September 1, 2019 TO March 1, 2022- $7,786.57/month. Rent April 1, 2022 TO March 1, 2027- $9,036.57/month. Rent April 1, 2027 TO June 1, 2028- $9,453.24/month.
    Exterior Features

    Building Exterior Masonry Exterior Features Lighting/SecurityGuttersLandscapingParking 50+ Spaces Lot Dimensions 211X170x271x209 Road Frontage Feet 211 Roof Built-Up Style Building Free StandingSteel FrameMasonry

    Interior Features

    Air Conditioning Central Air Floors Tile Heating System Central Heat Pump Interior Features Public RestroomsSecurity System

    Property Features

    Additional Structures Na Building Age 14 County Taxes 6783.00 Current Use Restaurant Equipment Leased Full Restaurant Equipment Equipment Trade Fixtures Full Restaurant Equipment Gross Income 7787.00 Lease Rate 7787 Lot Number 1 Net Income 7787.00 Property Description Approved Plat MapLocated in City LimitsRestriction(S) Property Type Commercial Other Sewer Public Sewer Sprinkler System Wet Tax Map Number 104R IAA2 1 Tax Year 2019 Utilities Cable AvailableElectricity ConnectedPhone Available Water Sewer Public Zoning M1 Ind/Com

    Listing information © 2020 Southwest Virginia Association of REALTORS®
    Listing provided courtesy of Dustin Keith of Stuart & Associates.


    © 2020 Southwest Virginia Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Highlands Realty, Inc.. Data last updated: 2020-09-29T07:10:48.157.
     
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