Listed by SRS Real Estate Partners New York
$1,994,000
Applebee's
Details
APN 19-81700-02-053, 19-81700-02-030
Property Type Retail
Sub Type Restaurant
Square Footage 5,471
Cap Rate 8.5%
NOI $169,496
Occupancy 100%
Tenancy Single
Brand/Tenant Applebee's
Lease Type Absolute NNN
Lease Term 17.5
Lease Expiration 06/12/2028
Remaining Term 1.9
Rent Bumps Yes
Lease Options 4 (5-Year)
Year Built 1996
Year Renovated 2010
Buildings 1
Acreage 1.300
Zoning Community Regional Commercial (C-3)
Parking Spaces 97 spaces
Parking per 1,000 SqFt 17.73
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/01/2010
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 8.50% CAP | 5,471 SqFt
Investment highlights
- 2 Years Remaining | Options To Extend | Rental Increases
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Frontage On Vermillion St | Excellent Visibility & Access
- Dense Retail Corridor | Strong Retail Synergy
- Strong Demographics In 5-Mile Trade Area | $117K+ AHHI
Listing Contacts
Listed by SRS Real Estate Partners New York
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$169,496.00
$14,124.67/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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