123 Meadowfield Ln - Restaurant FOR SALE


Princeton, WV 24739
$2,444,501 USD
503-200-2061
123 Meadowfield Ln, Princeton, WV for Sale
$2,444,501 USD
Restaurant - FOR SALE
1/4
null | 5.75% Cap Rate

123 Meadowfield Ln
Princeton, WV 24739


HIGHLIGHTS

  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Approximately 12.8 Years of Lease Term Remaining
  • Attractive Rental Increases | 1.50% Annually Starting May 2026
  • Four (4) Tenant Renewal Periods of Five (5) Years Each
  • Tenant / Guarantor: Legacy Apple III / Legacy Apple II (40+ Restaurants)
  • Dense Retail Corridor | Walmart, Hardee’s, Bob Evans, Wendy’s, Subway, Outback, Burkes, Starbucks, Lowe’s, Chick-fil- A, McDonald’s, and Many More

OVERVIEW

Introducing an exceptional investment opportunity: Applebee’s at 123 Meadowfield Ln, Princeton, West Virginia. Priced at $2,444,501 with a solid CAP rate of 5.75%, this property generates annual rent of $140,559 with approximately 12+ years remaining on the Triple Net lease. Benefiting from a strategic location in a thriving retail corridor alongside major brands like Walmart and Starbucks, this property boasts high visibility and strong traffic counts, making it a prime asset. The well-known tenant, Legacy Apple III / Legacy Apple II, with over 40 restaurants, ensures a stable income stream. Operated by the reputable Thrive Restaurant Group, one of the nation's largest Applebee's franchisees, this property presents a unique opportunity for investors looking for a secure and lucrative asset within a growing market. Don't miss the chance to add this high-quality asset to your portfolio in an area known for academic excellence and robust economic fundamentals.

FOR SALE DETAILS

PRICE

$2,444,501 USD

PRICE/SF

$529 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

92

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

RESTAURANT (321)

APN/PARCEL ID

28-05- 24C-0073.0000

ASK ABOUT THIS PROPERTY

Joseph DabushMarcus & MillichapMore Info
503-200-2061

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Joseph DabushMarcus & MillichapMore Info
503-200-2061

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.