Former Applebee's Building Available For Sublease or Assignment
89 Elliott Drive, Lebanon, VA, MLS 74179
Starting at $7,787/month
This former Applebee's restaurant in Lebanon, VA is now available for sublease or lease assignment at $7,787/NNN. 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. Nearby established restaurants include KFC, Subway, El Campesino Mexican, Burger King, Pal's, and Bonanza Steakhouse. Lebanon's two hotels, the recently constructed Holiday Inn Express & Suites and Super 8, are close by, as are several major employers, including: AT&T call center, Samuel Pressure Vessel Group, Polycap, and Appalachian Power. Average daily traffic count of US HWY 19 is 13,000 as per VDOT.
Also available for sale as a commercial investment property
MLS 74468
Listed at $1,245,853, based on 7.5% CAP rate
Triple net lease is in place through June 12, 2028.
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.
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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Beautiful 2-Acre Lot in Granville Meadows to build your Dream Home
Lot 4, Granville Meadows Drive, Lebanon, VA 24266 $39,500 MLS 68753
This is a stunning two-acre lot in stately Granville Meadows subdivision in the highly-desired Green Valley section of Lebanon. The land is clear and ready for home construction with multiple home sites to choose from. The lot gently rolls and slopes slightly down towards Granville Meadows Drive. This is one of last lots available in the established and private Granville Meadows subdivision. Take in picturesque views of the Clinch Mountains from any spot on the lot. Only seconds from Lebanon's stores, restaurants, and entertainment, this lot is outside of town limits- and town taxes. Perc test was passed in 2005. Reasonable subdivisions restrictions help to maintain the beauty of the area and protect property values. Subdivision restrictions are include, but are not limited to: 25-ft set-back, 1,600 SF minimum, similar construction, no single- or double-wides or modulars, paved driveway, no chicken houses, no junk yards.
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New Drone Photos by Matt Looney! |
*Under Contract*
4 BR/2.5 BA Contemporary Home with over 4,500 SF on 10 AC in Council
1101 Crossing Rd, Vansant, VA 24656 $139,000 MLS 72324
This 10-acre estate next to Hurricane Creek in the Council area of Buchanan County features a contemporary-style home with over 4,500 SF of living area! On the main level is the eat-in kitchen with newer stainless steel appliances. From there, either walk down to the huge lower-level living room with cathedral ceilings, sliding door access to the back deck, and gas-log fireplace, or walk up to the dining room. Across the cat walk from the dining room is the library with built-in shelving and desk. Off the library on the upper level is an guest bedroom added to the home later and not even figured into the square footage total. The master bedroom is on the lower level and features a walk-in closet, double-sink en suite with sunken tub and separate shower, and direct access to the hot tub on the back deck. Also on the main level is the laundry room, half-bath, and large open bonus room (864 SF) with separate entry, previously used as home business. Upstairs, on the second floor, are two, large bedrooms, one with large closets and attic access for storage, sitting area overlooking living room, and a full bathroom. There are original wood floors throughout the living area and BRs. Take in full mountain and creek views from the wrap-around back deck. Outbuildings provide exterior storage space.
Home foundation is unfinished concrete basement with outside entry. Metal roof is less than 4 years old. Fenced in-ground pool can be restored and provide hours of family entertainment. All pool equipment is believed by seller to be in working order and will convey with property. Heating/cooling provided by two heat pumps. This property has loads of potential and can be restored to its original glory with a little TLC and new owners. It is offered in AS IN condition. Seller is motivated, and this property is priced to SELL.
Home foundation is unfinished concrete basement with outside entry. Metal roof is less than 4 years old. Fenced in-ground pool can be restored and provide hours of family entertainment. All pool equipment is believed by seller to be in working order and will convey with property. Heating/cooling provided by two heat pumps. This property has loads of potential and can be restored to its original glory with a little TLC and new owners. It is offered in AS IN condition. Seller is motivated, and this property is priced to SELL.
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Now accepting new listings!
Thinking about selling your property? Give me a call today at (276) 202-9277 to discuss how I can help you in the selling process and the great benefits of using a Realtor. Your listed property will follow a custom-designed marketing plan, and I will use every marketing tool at my disposal to find a ready, willing, and able buyer for your property as quick as possible. I want your selling experience to be worry-free!
