Applebee's NNN Property For Sale
This investment offers a compelling opportunity to acquire a net-leased Applebee's property. Applebee's is a well-established casual dining restaurant chain known for its mainstream American cuisine.
- Asking price $3.00M
- 6.80% cap rate
- NOI $187,500
- 20 years remaining
- NNN lease
- Building size: 5,000 SF
- Lot size: 1.00 acres
- Rent increases: 7.5% every 5 years
- Guarantor: Corporate
Asset type: Restaurant