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Restaurant

Applebee's

3420 Elk Ln, Fremont, NE 68025

Listing Price: $2,375,988

Cap Rate
5.75%
Tenant Name
Legacy Apple III
Years Remaining On Lease
16.0
Guarantor
Franchisee Guarantee
Rentable SF
5,711
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.92

Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive net lease offering for an Applebee’s located at 3420 Elk Lane in Fremont, Nebraska. The site consists of roughly 5,711 rentable square feet of building space on estimated 1.54-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 $136,619 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 (4), five (5)-year renewal options. *Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.

Investment Highlights

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

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) NE: 20200223

    Nebraska

Financing By

Restaurant

Applebee's

Listing Price: $2,375,988

Cap Rate
5.75%
Tenant Name
Legacy Apple III
Years Remaining On Lease
16.0
Guarantor
Franchisee Guarantee
Rentable SF
5,711
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.92

Investment Highlights

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

Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive net lease offering for an Applebee’s located at 3420 Elk Lane in Fremont, Nebraska. The site consists of roughly 5,711 rentable square feet of building space on estimated 1.54-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 $136,619 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 (4), five (5)-year renewal options. *Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): NE: 20200223

    Nebraska

Financing By

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