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Applebee’s Restaurant

Summary
  • Listing Price: $1,837,500
  • CAP Rate Current: 6.00%
  • Lot Size: 1.40 Acres
  • Approx Year Built: 2014
  • Price Per Sq Ft: $262.50
Investment Highlights
  • ¬†Absolute Triple Net Ground Lease With 7.5 Years Remaining
  • 23 Unit Operator
  • Attractive 10% Increases Every 5 Years
  • Zero Landlord Responsibilities
  • Six, 5 Year Options
  • Built in 2014
  • Adjacent to the Fedex World Headquarters
  • Highly Affluent Area of Memphis with a Household Income in Excess of $96k
  • Rents Well Below Market at $15.75 psf