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Restaurant

Applebee's

3209 10th St, Great Bend, KS 67530

Listing Price: $2,154,568

Cap Rate
5.75%
Tenant Name
Legacy Apple III
Years Remaining On Lease
16.0
Guarantor
Franchisee Guarantee
Rentable SF
4,690
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.42

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for an Applebee’s located at 3209 E 10th Street in Great Bend, Kansas. The site consists of roughly 4,690 rentable square feet of building space on estimated 0.92-acre parcel of land. This Applebee’s is subject to an absolute NNN lease, which has approximately 16.5 years of term remaining. The current annual rent is $123,888 and is scheduled to increase by one and a half percent (1.5%) annually starting in year 7 and continuing into each of the four, five-year renewal options.

Investment Highlights

  • Absolute Triple Net Lease with Zero Landlord Responsibilities
  • Approximately 16.5 Years of Lease Term Remaining
  • Attractive Rental Increases | 1.50% Annually Starting Year 7

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Restaurant

Applebee's

Listing Price: $2,154,568

Cap Rate
5.75%
Tenant Name
Legacy Apple III
Years Remaining On Lease
16.0
Guarantor
Franchisee Guarantee
Rentable SF
4,690
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.42

Investment Highlights

  • Absolute Triple Net Lease with Zero Landlord Responsibilities
  • Approximately 16.5 Years of Lease Term Remaining
  • Attractive Rental Increases | 1.50% Annually Starting Year 7

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for an Applebee’s located at 3209 E 10th Street in Great Bend, Kansas. The site consists of roughly 4,690 rentable square feet of building space on estimated 0.92-acre parcel of land. This Applebee’s is subject to an absolute NNN lease, which has approximately 16.5 years of term remaining. The current annual rent is $123,888 and is scheduled to increase by one and a half percent (1.5%) annually starting in year 7 and continuing into each of the four, five-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

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