Restaurant

Applebee's

2280 E Kansas Ave, McPherson, KS 67460

Listing Price: $1,777,778

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,354
Guarantor
Franchisee Guarantee
Rentable SF
4,354
Price/Gross SF
$408.31
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.56

Investment Overview

The subject investment property is situated East Kansas Ave, which serves as the main road through the town of McPherson, KS. East Kansas Ave is boasts an average daily traffic count of approximately 9,100 vehicles per day. East Kansas Ave is intersected by Interstate-135, which boasts an average daily traffic count of approximately 13,800 vehicles There are more than 12,500 individuals residing within a three-mile radius of the property and approximately 15,000 individuals within a five-mile radius.
The subject property benefits from being well-positioned in the main retail corridor of McPherson, Kansas, consisting of national and local tenants, academic institutions and hospitality accommodations all within close proximity of this property. Major national tenants include: Walmart, Walgreens, McDonalds, Burger King, KFC, Taco Bell and several other quick service restaurants. Additionally, several hospitality accommodations are within immediate proximity to the subject investment property. These include: Holiday Inn Express, Days Inn By Wyndham, Fairfield Inn & Suites by Marriot, Best Western, and more. This property also benefits from being situated within a two-mile radius of multiple academic institutions. Most notable are Central Christian College and McPherson College, which are both located in McPherson Kansas and have a total combined enrollment of approximately 2,000 students.

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

  • Colby Haugness

    First Vice President Investments

    License(s): KS: 00241410

    Kansas

Listing Price: $1,777,778

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,354
Guarantor
Franchisee Guarantee
Rentable SF
4,354
Price/Gross SF
$408.31
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.56

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 East Kansas Ave, which serves as the main road through the town of McPherson, KS. East Kansas Ave is boasts an average daily traffic count of approximately 9,100 vehicles per day. East Kansas Ave is intersected by Interstate-135, which boasts an average daily traffic count of approximately 13,800 vehicles There are more than 12,500 individuals residing within a three-mile radius of the property and approximately 15,000 individuals within a five-mile radius.
The subject property benefits from being well-positioned in the main retail corridor of McPherson, Kansas, consisting of national and local tenants, academic institutions and hospitality accommodations all within close proximity of this property. Major national tenants include: Walmart, Walgreens, McDonalds, Burger King, KFC, Taco Bell and several other quick service restaurants. Additionally, several hospitality accommodations are within immediate proximity to the subject investment property. These include: Holiday Inn Express, Days Inn By Wyndham, Fairfield Inn & Suites by Marriot, Best Western, and more. This property also benefits from being situated within a two-mile radius of multiple academic institutions. Most notable are Central Christian College and McPherson College, which are both located in McPherson Kansas and have a total combined enrollment of approximately 2,000 students.

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

  • Colby Haugness

    First Vice President Investments

    License(s): KS: 00241410

    Kansas

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