Restaurant

Applebee's

389 John Scott Hwy, Steubenville, OH 43952

Listing Price: $2,296,296

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,606
Guarantor
Franchisee Guarantee
Rentable SF
4,606
Price/Gross SF
$498.54
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.65

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.

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

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: $2,296,296

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,606
Guarantor
Franchisee Guarantee
Rentable SF
4,606
Price/Gross SF
$498.54
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.65

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 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.

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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