Listed by SRS Real Estate Partners Newport Beach
$1,815,000
Applebee's
Details
APN 15-041-4527
Property Type Retail
Sub Type Restaurant
Square Footage 4,847
Cap Rate 5.75%
NOI $104,342
Occupancy 100%
Tenancy Single
Brand/Tenant Applebee's
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 04/30/2035
Remaining Term 8.9
Rent Bumps Yes
Lease Options Four (4) 5-year renewal options
Year Built 1999
Year Renovated 2021
Acreage 1.430
Zoning SPUD: Simplified Planned Unit Development
Parking Spaces 103 spaces
Parking Per SqFt 21.25
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 05/01/2025
Ground Lease No
Ownership Fee Simple
Retail | 5.75% CAP | 4,847 SqFt
Investment highlights
- Corporate Guaranty (NYSE: DIN) | 10% Increases Every 5 Years
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Near 196-Bed SSM Health St. Anthony Hospital
- Strong Demographics and Daytime Population in 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$104,342.00
$8,695.17/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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