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Applebee’s

Summary
  • Listing Price: $2,213,280
  • CAP Rate Current: 6.50%
  • Lot Size: 56,192 SF (1.29 Acres)
  • Approx Year Built: 1995
  • Price Per Sq Ft: $409.56
Investment Highlights
  • Strong Applebee’s Operator – 20 Unit Guaranty
  • Outparcel to University Mall (667,855 SF)
  • Surrounded By National Retailers
  • New 15-Year Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • 10% Increases Every 5 Years
  • Four, 5-Year Options To Renew
  • Available As A Portfolio Or Sold Individually