REIT Sale | Former Wendy’s | Drive-Thru | 9K VPD | 1.14 Acres

Highlights:

• Second-Gen QSR with Drive-Thru: ±2,785 SF former Wendy’s on ±1.14 acres includes drive-thru, pylon sign, and 35 parking spaces.
• Hard Corner Signalized Visibility: ±427 feet of frontage and two curb cuts support visibility, access, and efficient site circulation.
• Strong Main Street Traffic Exposure: E Main Street carries ±8,929 VPD with convenient access to US-19 at approximately ±12,331 VPD.
• Established Retail and QSR Trade Area: Food City, Walgreens, McDonald’s, Taco Bell, Burger King, and others drive recurring activity.
• Government Center Outparcel Position: Site sits at the Russell County Government Center beside Veterans Memorial Park and civic uses.
• Absolute $1 Auction: First Bid Meets Reserve!

Description:

For more information visit:
https://rimarketplace.com/auction/3452/retail/lebanon/va?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=november18_2026&utm_content=retail_3452

For Tours prior to auction, please email Kyle.Hynes@marcusmillichap.com & Philip.Kates@marcusmillichap.com
**Tours will not be allowed after auction.

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 21 Highland Drive in Lebanon, Virginia is a vacant ±2,785-square-foot freestanding former Wendy’s positioned for restaurant reuse, owner-user occupancy, lease-up, or adaptive reuse. Built in 1983 on ±1.1377 acres, the Property features an existing drive-thru, pylon sign, 35 surface parking spaces, two curb cuts, and approximately 427 feet of combined frontage along E Main Street/US Route 19 and Highland Drive. The hard-corner site benefits from ±8,929 VPD on E Main Street and convenient access to US-19, which carries approximately ±12,331 VPD. The Property occupies an outparcel position at the Russell County Government Center, adjacent to Veterans Memorial Park, and is surrounded by Food City, Walgreens, McDonald’s, Taco Bell, Burger King, Pizza Hut, Dollar General, and other commercial uses. Zoned C-1, Commercial, the Property offers potential for a variety of commercial uses, subject to confirmation of permitted uses and municipal requirements. CoStar estimates retail market rents at $10-$12/SF NNN. The Property is approximately 25 minutes from Historic Downtown Abingdon and 42 miles from Bristol Motor Speedway. Within five miles, the surrounding trade area includes nearly 7,200 residents with average household income approaching $79,000.

Location
Lebanon is the Russell County seat and a commercial hub in Southwest Virginia’s Appalachian region. Positioned along US-19, the community connects to Abingdon, Bristol, and the broader Tri-Cities area. Government, healthcare, education, manufacturing, retail, and regional employers support daily activity, while Bristol Motor Speedway is approximately 42 miles away.


Bidding Opens
Nov 17 1:00 AM
Bidding Closes
Nov 19 1:00 AM

Documents: