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26328602
26328603

500 W Business 36, Chillicothe, MO 64601 For Sale

BW
CA 02146707
Matthews
Listed by Matthews
$1,574,000
343 days on market
Updated 13 days ago

Applebee's - Chillicothe, MO

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,600
Cap Rate 7.75%
NOI $121,985
Occupancy 100%
Tenancy Single
Brand/Tenant Applebee's
Lease Type Absolute NNN
Lease Expiration 06/12/2028
Remaining Term 1.9
Rent Bumps Yes
Lease Options Four, 5-Year Options
Price per SqFt $437
Broker Co-Op Yes
Year Built 2006
Acreage 1.240
Investment Type Stabilized
Lease Commencement 02/01/2011
Ownership Fee Simple

Retail | 7.75% CAP | Applebee's

Marketing description

Investment highlights

● Absolute NNN Lease – There are zero landlord responsibilities or expenses, providing

100% passive income to the landlord.

● Proximity to Major Retailers – Situated in a highly trafficked area with proximity to

major retail hubs, including a Walmart Supercenter and Lowe's, ensuring consistent

consumer flow and increased visibility.

● Strategic Access – The property offers convenient access off Hwy 36 (Kansas City

Expy) and is located in a high-traffic area, maximizing accessibility for both local

patrons and out-of-town visitors.

● Low Competition – The Applebee’s is the only national franchised casual diner within

a ±20-mile radius of the property.

● Strong Economic Base – Chillicothe’s diverse economy, driven by agriculture, retail,

and regional tourism, offers resilience and ensures continued demand for

commercial properties like the Applebee’s location.

● National Tenant – Applebee’s Grill + Bar, a subsidiary of DineEquity, INC. is one of the

largest casual dining restaurant chains in the world with over 1,660 locations

Listing Contacts

BW
CA 02146707
Matthews
Listed by Matthews

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,985.00
$10,165.42/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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Additional Information

Name
Kyle Matthews
License
2017010164, 2022018843 (MO)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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