Applebee's NNN Property For Sale — Jamestown, ND
611 25th Street SW, Jamestown, ND 58401
This investment offering features a newly constructed Applebee's restaurant, operating under a brand new, 20-year absolute NNN lease. The lease includes attractive 7.5% rental increases every five years, along with four subsequent 5-year options, providing a stable, long-term income stream. The property is strategically located near the intersection of Highway 281 and Interstate 94, adjacent to a major retail center and a Wal-Mart Supercenter, ensuring consistent customer traffic. The lease is backed by an experienced 23-unit franchisee, demonstrating a strong operational history and financial stability. Applebee's, a globally recognized casual dining brand, benefits from a diverse customer base and ongoing innovation in its service and menu offerings, including popular Carside to Go and…
- Address: 611 25th Street SW, Jamestown, ND 58401
- Asking price $1.96M
- 7.50% cap rate
- NOI $150,000
- 6.3 years remaining
- NNN lease
- Year built: 2003
- Building size: 5,114 SF
- Lot size: 1.73 acres
- Lease expiration: Jan 1, 2033
- Rent increases: 7.5% every 5 years
- Guarantor: Corporate
Location
This Applebee's property is at 611 25th Street SW in Jamestown, North Dakota.
Asset type: Restaurant