Restaurant

Applebee's

3000 Dial Dr, Council Bluffs, IA 51501

Listing Price: $2,074,074

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,680
Guarantor
Franchisee Guarantee
Rentable SF
4,680
Price/Gross SF
$443.18
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.91

Investment Overview

The subject investment property is situated along Dial Drive, which intersects with 32nd Ave and runs parallel to South Expy. 32nd Ave and South Expy experience average daily traffic counts exceeding 12,500 and 22,600 vehicles, respectively. South Expy intersects with I-80 which brings an additional 59,800 vehicles into the immediate area daily. There are more than 93,250 individuals residing within a five-mile radius of the property and more than 387,250 individuals within a ten-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 hospitality accommodations. Major national tenants in the surrounding area include: Home Depot, Walmart, Target, Kohls, T.J. Maxx, Dicks Sport Goods, Hobby Lobby, Dollar Tree, Sams Club, Menards, Starbucks, Red Lobster, Burger King, Fazolis, as well as many more. The subject property benefits from being within a five-mile radius of several academic institutions. Most notable of these being Lewis Central High School, where more than 1,000 students are enrolled.

Investment Highlights

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

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): IA: B63379000

    Iowa

Listing Price: $2,074,074

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,680
Guarantor
Franchisee Guarantee
Rentable SF
4,680
Price/Gross SF
$443.18
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.91

Investment Highlights

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

Investment Overview

The subject investment property is situated along Dial Drive, which intersects with 32nd Ave and runs parallel to South Expy. 32nd Ave and South Expy experience average daily traffic counts exceeding 12,500 and 22,600 vehicles, respectively. South Expy intersects with I-80 which brings an additional 59,800 vehicles into the immediate area daily. There are more than 93,250 individuals residing within a five-mile radius of the property and more than 387,250 individuals within a ten-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 hospitality accommodations. Major national tenants in the surrounding area include: Home Depot, Walmart, Target, Kohls, T.J. Maxx, Dicks Sport Goods, Hobby Lobby, Dollar Tree, Sams Club, Menards, Starbucks, Red Lobster, Burger King, Fazolis, as well as many more. The subject property benefits from being within a five-mile radius of several academic institutions. Most notable of these being Lewis Central High School, where more than 1,000 students are enrolled.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): IA: B63379000

    Iowa

MM Texture Background
MM Textured Background Lower