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Applebee’s

Summary
  • Listing Price: $2,278,240
  • CAP Rate Current: 6.25%
  • Lot Size: 47,916 SF (1.10 Acres)
  • Approx Year Built: 1999
  • Price Per Sq Ft: $487.32
Investment Highlights
  • Strong Applebee’s Operator – 25 Unit Guaranty
  • Recently Renovated – 2010
  • New 15-Year Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • 10% Increases Every 5 Years
  • Located Along Dense Retail Corridor
  • Across The Street From Walmart Neighborhood Market
  • Four, 5-Year Options To Renew
  • Available As A Portfolio Or Sold Individually