Restaurant
Applebee's | 11+ Years
400 Old Franklin Turnpike, Rocky Mount, VA 24151
Listing Price: $3,041,000
Cap Rate
7.15%
Tenant Name
Applebee's
Years Remaining On Lease
11.7
Gross SF
4,008
Guarantor
Local or Regional Franchisee
Rentable SF
4,008
Price/Gross SF
$758.73
Lease Type
Absolute Net
Rent Per Square Feet
$54.25
Investment Overview
APPLEBEE’S 2,000+/- LOCATIONS IN 49 STATES ONE OF THE WORLD’S LARGEST CASUAL DINING BRANDS 40+ YEAR BRAND HISTORY
Exclusively Listed By
Broker of Record
-
Brian Hosey
First Vice President/ Division Manager
Listing Price: $3,041,000
Cap Rate
7.15%
Tenant Name
Applebee's
Years Remaining On Lease
11.7
Gross SF
4,008
Guarantor
Local or Regional Franchisee
Rentable SF
4,008
Price/Gross SF
$758.73
Lease Type
Absolute Net
Rent Per Square Feet
$54.25
Investment Highlights
- ABSOLUTE NNN LEASE | NO LANDLORD EXPENSES
- MULTI-CONCEPT FRANCHISEE TENANT | 120+ LOCATIONS
- OUTPARCEL TO KROGER ANCHORED SHOPPING CENTER
- 17,000 VPD ON OLD FRANKLIN TURNPIKE
- NEARBY TENANTS: KROGER, WALMART, LOWE'S, STARBUCKS, CVS, WALGREENS, AND MORE
Investment Overview
APPLEBEE’S 2,000+/- LOCATIONS IN 49 STATES ONE OF THE WORLD’S LARGEST CASUAL DINING BRANDS 40+ YEAR BRAND HISTORY
Exclusively Listed By
Broker of Record
-
Brian Hosey
First Vice President/ Division Manager
