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105 West Lee Hwy
Warrenton, VA 20186
STABLE INCOME PROPERTY
Alpha Royale Commercial Group proudly offer for sale Applebee's (the "Property"), a 4,401 SF, 100% occupied nationwide chain restaurant proeprty in Warrenton, VA. The Property is situated on an outparcel of a 217,357 square feet community center anchored by HomeGoods, Giant, Safeway, Five Below, etc. and across road from Harris Teeter, Northrock Shopping Center. The Property offers over 180 feet frontage on Lee Hwy and 230 feet frontage on Fletcher Drive.
• Price: $4,979,400
• Cap Rate: 5.5% - 2023
• Year Built: 1997
• Lot Size: 41,711 SF
• Lease Type: NNN
• Roof and Structure: Landlord
• Team Term: 20 Years
• Lease Expiration Date: June 12, 2028
• Options: Four-5 year options
• Increase: 10% every 5 year thereafter
PROPERTY OVERVIEW
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LOCATION
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HIGHLIGHTS
The TOWN OF WARRENTON is located in the north central Piedmont region of Virginia, approximately 45 miles from the nation's capital, Washington D.C.. Founded in 1810, the Town is a great place to LIVE, WORK VISIT and DISCOVERY. The Town is the star of the Piedmont with the Blue Ridge Mountains as its backdrop and shopping, vineyards, and horse country on its stage.
DEMOGRAPHICS
• Population: 42,266
• Households: 15,259
• Median Household Income: $104,107
NOTABLE RETAILS & AREAS
• Starbucks
• Home Goods
• Harris Teeter
•Chick-Fil-A
• Five Below
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