Listed by Century Partners RE
$3,520,062
Newly renovated, co-branded Applebee’s/IHOP site
Details
APN 868-50111-003C
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 5,483
Net Rentable (SqFt) 5,483
Units 1
Cap Rate 6.5%
NOI $228,804
Occupancy 100%
Tenancy Single
Brand/Tenant IHOP, Applebee's
Lease Type Absolute NNN
Lease Term 20.3
Lease Expiration 11/18/2045
Remaining Term 19.4
Rent Bumps Yes
Lease Options 4, 5-Year
Price per SqFt $642
Broker Co-Op Yes
Year Built 2007
Year Renovated 2025
Buildings 1
Stories 1
Acreage 2.800
Zoning Commercial
Investment Type Net Lease
Lease Commencement 08/11/2025
Occupancy Date 08/11/2025
Ownership Fee Simple
Proven location with direct visibility to Interstate 40
Marketing description
Century Partners is pleased to offer a newly renovated, co-branded Applebee’s/IHOP site featuring a 20-year absolute NNN lease with 10% rent increases every five years, where the tenant has invested approximately $2 million in site improvements. Globally, co-branded locations have demonstrated significantly improved operating margins and 1.5 to 2.5 times higher sales by capturing both dayparts. This proven location benefits from direct visibility to Interstate 40 and boasts nearly 20 years of operational history under an operator with over 30 years of experience. The asset is further supported by approximately 80 parking spaces, providing strong customer access and consistent traffic.
Investment highlights
Investment Highlights
- 20-Year Absolute NNN lease with 10% rent increases every 5 years
- Newly renovated, co-branded Applebee’s/IHOP site
- Tenant has invested approximately $2 million in site improvements
- Globally, co-branded locations report highly improved operating margins and 1.5 to 2.5 times higher sales due to serving both dayparts
- Proven location with direct visibility to Interstate 40
- Nearly 20 years of operational history with 30+ year experienced operator
- ±80 parking spaces supporting strong customer access and traffic
Market Highlights
- Close proximity to Arkansas Tech University - 9,000+ students
- Strong household population base with 36,000+ people within a 5-mile radius
- Primary exit retail cluster for Arkansas Tech University with surrounding commercial activity, hotels and national tenants attracting consumers
Tenant Highlights
- Applebee’s: National casual dining leader with 1,600+ locations across the U.S.
- IHOP: Iconic international breakfast chain with 1,700+ locations nationwide
- 900 co-branded Applebee’s / IHOP locations projected to open
Listing Contacts
Listed by Century Partners RE
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$228,804.00
$19,067.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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