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Dairy Queen 874 N Lee Hwy 2,060 SF of Retail Space Available in Lexington, VA 24450
Highlights
- Prime location with direct access to I-64 and U.S. Route 11
- Excellent visibility and 18,000 vehicles per day traffic count
- Close to Washington & Lee University and Virginia Military Institute
- Former restaurant space with existing drive-thru infrastructure
- Surrounded by national retailers, hotels, and dining options
- Strong local demographics with high average household income
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,060 SF | Negotiable | $50.00 /SF/YR $4.17 /SF/MO $103,000 /YR $8,583 /MO | TBD |
1st Floor
This 2,060 SF former restaurant space offers an exceptional leasing opportunity in a prime Lexington, Virginia location. The site features a drive-thru, full directional access, and ample parking, making it ideal for quick-service or casual dining concepts.
- Fully Built-Out as a Fast Food Restaurant
- Highly Desirable End Cap Space
- Former restaurant space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Dairy Queen
- Tenant
- Description
- US Locations
- Reach
- Dairy Queen
- Ice Cream
- 5,012
- International
- Mobil
- Gasoline Station
- 6,470
- International
- Pit Stop
- Other Services
- 18
- Local
| Tenant | Description | US Locations | Reach |
| Dairy Queen | Ice Cream | 5,012 | International |
| Mobil | Gasoline Station | 6,470 | International |
| Pit Stop | Other Services | 18 | Local |
Property Facts
| Total Space Available | 2,060 SF | Gross Leasable Area | 5,059 SF |
| Property Type | Retail | Year Built | 2000 |
| Property Subtype | Freestanding | Parking Ratio | 8.7/1,000 SF |
| Total Space Available | 2,060 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 5,059 SF |
| Year Built | 2000 |
| Parking Ratio | 8.7/1,000 SF |
About the Property
This 2,060 SF former restaurant space offers an exceptional leasing opportunity in a prime Lexington, Virginia location. Positioned along N. Lee Highway with direct access to I-64, the property benefits from excellent visibility and a strong traffic count of 18,000 vehicles per day. The site features a drive-thru, full directional access, and ample parking, making it ideal for quick-service or casual dining concepts. Surrounded by a robust mix of national retailers and hospitality brands, including Walmart, Starbucks, Chick-fil-A, Applebee’s, and Holiday Inn Express, the property sits within a thriving commercial corridor. Its proximity to major hotels and other dining establishments ensures consistent customer flow from both local residents and travelers. Additionally, the location is just five minutes from Washington & Lee University and Virginia Military Institute, collectively serving over 3,800 students, creating a steady base of potential patrons. The property’s strategic position near I-64 and U.S. Route 11 provides easy regional connectivity, while nearby demographics reflect strong household incomes averaging over $100,000 within a five-mile radius. This combination of visibility, accessibility, and surrounding demand drivers makes 874 N. Lee Highway an outstanding choice for operators seeking a high-traffic, well-positioned restaurant location.
Nearby Major Retailers
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Dairy Queen | 874 N Lee Hwy
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