Restaurant
Applebee's
3030 E Kansas Ave, Garden City, KS 67846
Listing Price: $2,810,211
Investment Overview
Marcus & Millichap is pleased to present the exclusive net lease offering for an Applebee’s located at 3030 East Kansas Avenue in Garden City, Kansas. The site consists of roughly 4,938 rentable square feet of building space on estimated 1.22-acre parcel of land. This Applebee’s is subject to an absolute (NNN) lease, which has approximately 16 years of term remaining. The current annual rent is $179,951 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.
Exclusively Listed By
Broker of Record
Listing Price: $2,810,211
Investment Highlights
- Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Approximately 16 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 3030 East Kansas Avenue in Garden City, Kansas. The site consists of roughly 4,938 rentable square feet of building space on estimated 1.22-acre parcel of land. This Applebee’s is subject to an absolute (NNN) lease, which has approximately 16 years of term remaining. The current annual rent is $179,951 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.
Exclusively Listed By
Broker of Record
