Applebee's (7.25% cap)
Retail | 7.25% CAP | 5,332 SqFt I 131 Unit Guarantor
Marketing description
Introducing a prime investment opportunity at Applebee’s Grill + Bar - 531 W Dussel Drive, Maumee, Ohio! This property boasts a strong lease guarantor, RMH Holdings Inc, which operates over 130 units in 14 states, backed by one of the largest franchisees in the country, Sun Holdings Inc. With a solid cap rate of 7.25% and NOI of $181,905, this established location has been in operation for over 30 years and presents excellent growth potential. The property offers a favorable lease structure with options for the next 25 years, ensuring a stable income stream. Situated in a thriving area with 130,000 residents within a 5-mile radius, this investment benefits from high traffic exposure of 80,000 cars/day from adjacent I-475 and nearby hotels. With an average household income of $110,000 in proximity, this property presents a lucrative opportunity in a vibrant market. Don't miss out on this attractive commercial offering in Maumee, Ohio!
Investment highlights
-Lease Guarantor, RMH Holdings Inc operates 131 units
in 14 states. RMH is owned by an affiliate of Sun Holdings Inc
who operates over 1000 units and one of the largest
franchisees in the country.
- Strong performing location with solid rent/sales ratio
(see broker for details). Has been in operation for
over 30 years!
- 130,000 People in a 5 mile radius (suburb of Toledo, OH).
- $110,000 Average Household income in 3 mile radius.
- Located just off I-475 with 80,000 cars/day and adjacent
to many hotels capturing both local customers and travelers.
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