Applebee's NNN Property For Sale — Richardson, TX
125 North Plano Road, Richardson, TX 75081
This Applebee's property offers an attractive investment opportunity with an Absolute Triple Net (NNN) lease, ensuring zero landlord responsibilities. The lease has over 10 years remaining, providing a stable and predictable income stream. Located in Richardson, TX, the property benefits from strong demographics, with a dense and affluent population exceeding 368,000 residents and an average household income of $119,652 within a 5-mile radius. Applebee's is a national tenant with over 1,550 locations globally, further solidifying the investment's stability. The location enjoys excellent retail synergy, surrounded by major national retailers which drive significant foot traffic. The lease includes built-in 8% rent increases every 5 years, providing an inflation hedge. The lease is backed b…
- Address: 125 North Plano Road, Richardson, TX 75081
- Asking price $4.28M
- 7.50% cap rate
- NOI $320,760
- 7.9 years remaining
- NNN lease
- Year built: 2014
- Building size: 4,671 SF
- Lot size: 0.85 acres
- Lease expiration: Jul 20, 2034
- Rent increases: 07/21/2019-07/20/2024: $297,000; 07/21/2024-07/20/2029: $320,760; 07/21/2029-07/20/2034: $346,421; 07/21/2034-07/20/2039(Option1): $374,134; …
- Guarantor: Corporate
Location
This Applebee's property is at 125 North Plano Road in Richardson, Texas.
Asset type: QSR