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Applebee’s Restaurant

Summary
  • Listing Price: $1,695,000
  • CAP Rate Current: 6.50%
  • Lot Size: 1.40 Acres
  • Approx Year Built: 2014
  • Price Per Sq Ft: $242.14
Investment Highlights
  • Absolute Triple Net Lease With 15 Years Remaining
  • 23 Unit Operator
  • Rents Well Below Market at Only $15.75 Per Square Foot
  • Zero Landlord Responsibilities
  • Priced At Only $242 Per Square Foot
  • Built in 2014
  • Adjacent to the FedEx World Headquarters
  • Highly Affluent Area of Memphis with a Household Income in Excess of $96k
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