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Restaurant

Applebee's

3181 Maple Ave, Zanesville, OH 43701

Listing Price: $2,266,667

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,760
Guarantor
Franchisee Guarantee
Rentable SF
4,760
Price/Gross SF
$476.19
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.14

Investment Overview

The subject investment property is situated along Maple Avenue, which is one of the main thoroughfares in the area, connecting Interstate-10 to the cities main shopping and dining attractions. As such, the road features an average daily traffic count of 50,000 vehicles. The are approximately 22,000 people living within a three-mile radius of the subject property and nearly 43,000 living within a five-mile radius.
The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and major healthcare centers. Major retail and dining destinations in the area include: The Home Depot, Lowes, Sams Club, Cinemark, Tractor Supply, Chipotle, Long Horn, Chase, Kroger, Tim Hortons, McDonalds, Harbor Freight Tools, Staples, Bob Evans, Chipotle, Walmart, and many more national and local tenants. In addition to these numerous shopping and dining concepts, the subject property benefits from its close proximity to Genesis Hospital, which is a state-of-the-art 280 bed medical facility. The hospital is a part of the larger Genesis Healthcare System, which encompasses nearly 80 medical facilities and operation locations across the state of Ohio. In addition to this medical facility, the subject property is located down the road from the Colony Square Mall, which is in an indoor shopping and dining destination attracting people from Zanesville and the greater region.

Investment Highlights

  • 15-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Four (4) Tenant Renewal Periods of Five (5) Years Each
  • Attractive Rental Increases | 1.50% Annually

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Listing Price: $2,266,667

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,760
Guarantor
Franchisee Guarantee
Rentable SF
4,760
Price/Gross SF
$476.19
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.14

Investment Highlights

  • 15-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Four (4) Tenant Renewal Periods of Five (5) Years Each
  • Attractive Rental Increases | 1.50% Annually

Investment Overview

The subject investment property is situated along Maple Avenue, which is one of the main thoroughfares in the area, connecting Interstate-10 to the cities main shopping and dining attractions. As such, the road features an average daily traffic count of 50,000 vehicles. The are approximately 22,000 people living within a three-mile radius of the subject property and nearly 43,000 living within a five-mile radius.
The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and major healthcare centers. Major retail and dining destinations in the area include: The Home Depot, Lowes, Sams Club, Cinemark, Tractor Supply, Chipotle, Long Horn, Chase, Kroger, Tim Hortons, McDonalds, Harbor Freight Tools, Staples, Bob Evans, Chipotle, Walmart, and many more national and local tenants. In addition to these numerous shopping and dining concepts, the subject property benefits from its close proximity to Genesis Hospital, which is a state-of-the-art 280 bed medical facility. The hospital is a part of the larger Genesis Healthcare System, which encompasses nearly 80 medical facilities and operation locations across the state of Ohio. In addition to this medical facility, the subject property is located down the road from the Colony Square Mall, which is in an indoor shopping and dining destination attracting people from Zanesville and the greater region.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

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