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Restaurant

11-Year Applebee's - Winchester, KY

1525 W Lexington Ave, Winchester, KY 40391

Listing Price: $2,068,018

Cap Rate
5.60%
Tenant Name
RMH FRANCHISE CORPORATION, a Kansas Corporation
Years Remaining On Lease
11.2
Gross SF
5,498
Guarantor
No Guarantee
Rentable SF
5,498
Price/Gross SF
$376.14
Lease Type
Absolute Net
Rent Per Square Feet
$21.06

Investment Overview

Marcus & Millichap presents for sale the Applebee's in Winchester, KY. This 5,498 square-foot building was built in 2003 on 2.25 Acres along a main highway through the city, adjacent to Interstate 64. The property is located in a major retail area and next to the Clark Regional Medical Center. The lease for this property has 11 years remaining and is absolute net. A new buyer would have no landlord responsibilities as all expenses are covered by the tenant. The lease allows for four, 5-year options as well as rental increases every five years during the initial term and at each option. The franchisee at this location is part of the RMH Franchise. Today they operate over 130 restaurants across 14 states with a dynamic and dedicated team working in the front of the house, the back of the house, as trainers and managers, multi-unit operators and in their support centers. According to their vision statement, "RMH Franchise strives to be a multi-brand restaurant company with a dynamic culture, focused on operational excellence and engaged team members who create value for our guests and deliver a superior return to our investors."

Investment Highlights

  • 5.6% Cap Rate
  • 11-Years Remaining on Initial Lease Term with Four, 5-Year Options
  • Absolute Net Lease - No Landlord Responsibilities for a New Buyer
  • 10% Rent Increases Every 5 Years
  • Prime Retail Corridor and Directly Adjacent to Interstate 64

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Restaurant

11-Year Applebee's - Winchester, KY

Listing Price: $2,068,018

Cap Rate
5.60%
Tenant Name
RMH FRANCHISE CORPORATION, a Kansas Corporation
Years Remaining On Lease
11.2
Gross SF
5,498
Guarantor
No Guarantee
Rentable SF
5,498
Price/Gross SF
$376.14
Lease Type
Absolute Net
Rent Per Square Feet
$21.06

Investment Highlights

  • 5.6% Cap Rate
  • 11-Years Remaining on Initial Lease Term with Four, 5-Year Options
  • Absolute Net Lease - No Landlord Responsibilities for a New Buyer
  • 10% Rent Increases Every 5 Years
  • Prime Retail Corridor and Directly Adjacent to Interstate 64

Investment Overview

Marcus & Millichap presents for sale the Applebee's in Winchester, KY. This 5,498 square-foot building was built in 2003 on 2.25 Acres along a main highway through the city, adjacent to Interstate 64. The property is located in a major retail area and next to the Clark Regional Medical Center. The lease for this property has 11 years remaining and is absolute net. A new buyer would have no landlord responsibilities as all expenses are covered by the tenant. The lease allows for four, 5-year options as well as rental increases every five years during the initial term and at each option. The franchisee at this location is part of the RMH Franchise. Today they operate over 130 restaurants across 14 states with a dynamic and dedicated team working in the front of the house, the back of the house, as trainers and managers, multi-unit operators and in their support centers. According to their vision statement, "RMH Franchise strives to be a multi-brand restaurant company with a dynamic culture, focused on operational excellence and engaged team members who create value for our guests and deliver a superior return to our investors."

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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