Applebee's Grill + Bar NNN Property For Sale — Venice, FL · $3.23M
Venice, FL
Prime opportunity to acquire an absolute NNN single-tenant Applebee's Grill + Bar property located in Venice, Florida. The lease features approximately 16 years of remaining term backed by a franchisee guaranty, offering long-term passive cash flow with zero landlord responsibilities. Generating a net operating income of $190,678 annually at an attractive 5.90% capitalization rate, this asset is an exceptional candidate for 1031 exchange investors seeking security and stability.
- Address: Venice, FL
- Asking price $3.23M
- 5.90% cap rate
- NOI $190,678
- 16 years remaining
- NNN lease
- Guarantor: Corporate
Location
This Applebee's Grill + Bar property is in Venice, Florida.
Asset type: Casual Dining / Restaurant