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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

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

Exclusively Listed By

  • Robby Pfeiffer

    Senior Managing Director Investments

    (678) 808-2770

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Restaurant

Applebee's | 11+ Years

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

  • Robby Pfeiffer

    Senior Managing Director Investments

    (678) 808-2770

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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