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Restaurant

Applebee's (Corporate)

7004 Wesley St, Greenville, TX 75402

Listing Price: $3,850,000

Cap Rate
7.25%
Tenant Name
Applebee's
Years Remaining On Lease
4.3
Gross SF
5,023
Guarantor
Corporate Guarantee
Rentable SF
5,023
Price/Gross SF
$766.47
Lease Type
Absolute Net
Rent Per Square Feet
$55.56

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Applebee's in Greenville, Texas. The property consists of a 5,023-square-foot, freestanding building that sits on 1.17 acres of land. There are 4.7 years remaining on the current lease term, with 10% rental increases every five years.

Investment Highlights

  • Absolute Net Lease with 4.7 Years Remaining - 10 Percent Rental Escalations Every Five Years
  • Excellent Frontage on Wesley Street (21,352 VPD) Provides Easy Access and Visibility to Interstate 30 (53,377 VPD)
  • Outparcel to Lowe's
  • The Greenbelt, a 325-Acre Mixed-Use Development, is Expected to Bring an Estimated 1,200 Units of Single Family Homes and Multifamily Rental Housing Along Interstate 30
  • Large 1.17 Acre Parcel with Ample Parking and Multiple Access Points
  • Greenville's Main Retail Corridor with Numerous National Credit Tenants Surrounding the Property
  • Less than a One-Hour Drive from Downtown Dallas
  • Corporate Guarantee

Exclusively Listed By

Financing By

Restaurant

Applebee's (Corporate)

Listing Price: $3,850,000

Cap Rate
7.25%
Tenant Name
Applebee's
Years Remaining On Lease
4.3
Gross SF
5,023
Guarantor
Corporate Guarantee
Rentable SF
5,023
Price/Gross SF
$766.47
Lease Type
Absolute Net
Rent Per Square Feet
$55.56

Investment Highlights

  • Absolute Net Lease with 4.7 Years Remaining - 10 Percent Rental Escalations Every Five Years
  • Excellent Frontage on Wesley Street (21,352 VPD) Provides Easy Access and Visibility to Interstate 30 (53,377 VPD)
  • Outparcel to Lowe's
  • The Greenbelt, a 325-Acre Mixed-Use Development, is Expected to Bring an Estimated 1,200 Units of Single Family Homes and Multifamily Rental Housing Along Interstate 30
  • Large 1.17 Acre Parcel with Ample Parking and Multiple Access Points
  • Greenville's Main Retail Corridor with Numerous National Credit Tenants Surrounding the Property
  • Less than a One-Hour Drive from Downtown Dallas
  • Corporate Guarantee

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Applebee's in Greenville, Texas. The property consists of a 5,023-square-foot, freestanding building that sits on 1.17 acres of land. There are 4.7 years remaining on the current lease term, with 10% rental increases every five years.

Exclusively Listed By

Financing By

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