Listed by Veritas Realty
$2,314,050
Applebee's
Details
Property Type Retail
Sub Type Bar, QSR/Fast Food
Square Footage 7,675
Cap Rate 6.05%
NOI $140,000
Occupancy 100%
Tenancy Single
Brand/Tenant Applebee's
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 02/29/2040
Remaining Term 13.7
Rent Bumps Yes
Lease Options Four 5-Year Options
Price per SqFt $302
Year Built 1991
Year Renovated 2025
Acreage 1.340
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 02/06/2025
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner
Retail | 6.05% CAP | 7,675 SqFt
Marketing description
Applebee’s (Flynn Restaurant Group) has signed a 15-year Absolute NNN lease, ensuring zero landlord responsibilities. Located in the county seat of Grant County, the site sits on a hard-corner outlot to Walmart Supercenter, benefiting from an existing traffic signal and positioning on an extremely high-profile retail pad with strong co-tenants including IHOP, Fazoli’s, Starbucks, and Taco Bell. Applebee’s has operated in Marion since 1995 and is relocating to this prime, high-visibility location with stronger co-tenancy and increased traffic (25,697 ADT). The restaurant has consistently performed well, and Applebee’s has high expectations for this upgraded site, opening in Q1 2026.
Listing Contacts
Listed by Veritas Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,000.00
$11,666.67/mo
Valuation Metrics
0
DSCR
6.05%
Cap Rate
6.05%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Name
License
Brokerage Phone
Title
Is there information that looks off?
