4942 Valley View Blvd NW
Roanoke, VA 24012
Applebee's @ Valley View Mall · Retail Property For Sale

The subject property is a freestanding Applebee's restaurant located at Valley View Mall in Roanoke, VA. The property is very near the Roanoke-Blacksburg Regional Airport, and backs up to Interstate-581 which boasts an average daily traffic count of 62,000. Valley View Mall is an 844,000+ square foot shopping mall that is home to tenants such as Macy's, JCPenney, Belk, Sears and more. Other retailers in the immediate area include Walmart Supercenter, Target, Best Buy, Bed Bath & Beyond, Home Depot, Kroger, Lowe's, and more. Additionally, the Roanoke-Blacksburg Regional Airport and the corporate headquarters of Advance Auto Parts are located just minutes away. The tenant is signed to a lease that commenced in 2009, with 11.5+/- years remaining. The lease is triple net (NNN) providing for no landlord expenses with scheduled rental increases of ten percent (10%) every 5 years. Apple Investors Group, LLC was founded in 2008 and is based in West Palm Beach, Florida. The founder and President of Apple Investor Group, Andy Patel is a native of Gujarat who got involved in the franchise industry when he came to the United States. Originally, looking to join the Wendy' s chain, but then realized IHOP worked out better, he opened his first IHOP 18 years ago.Today Apple Investors Group owns and operates over 150 Applebee's Neighborhood Grill and Bar restaurants, IHOPs, Burger Kings and Travelodges across the nation.