Restaurant

Applebee's

3030 E Kansas Ave, Garden City, KS 67846

Listing Price: $2,370,370

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,939
Guarantor
Franchisee Guarantee
Rentable SF
4,939
Price/Gross SF
$479.93
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.40

Investment Overview

The subject investment property is situated along E Kansas Ave, which is a main thoroughfare in the city, and has an average daily traffic count of 8,000 vehicles. The subject property also benefits from its close proximity to US Route 400, which brings a total of 10,000 vehicles into the immediate area, on average, each day. There are approximately 26,000 people living within a three-mile radius of the subject property and 32,000 within a five-mile radius.
The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national & local tenants and shopping centers all within close proximity of this property. Major national tenants include: Walmart, Staples, Target, Taco Bell, KFC, Harbor Freight Tools, Dollar Tree, Hobby Lobby, Buffalo Wild Wings, Dicks Sporting Goods, Freddys, Popeyes, The Home Depot and Sams Club, as well as many more. In addition to these numerous national and local retail and restaurant concepts, the subject property benefits from its close proximity to Garden City High School, which is the only high school within the city limits and has a total enrollment of more than 2,100 students. The subject property is also located just north of Garden City Community College, which brings another 2,000 students into the immediate area. Another attraction in the immediate area is Parrot Cove Indoor Water Park, which is features numerous indoor attractions and rides, as well as a large arcade and dining options. The water park attracts thousands of families from across Garden City as well as the surrounding towns each year.

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: $2,370,370

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,939
Guarantor
Franchisee Guarantee
Rentable SF
4,939
Price/Gross SF
$479.93
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.40

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 E Kansas Ave, which is a main thoroughfare in the city, and has an average daily traffic count of 8,000 vehicles. The subject property also benefits from its close proximity to US Route 400, which brings a total of 10,000 vehicles into the immediate area, on average, each day. There are approximately 26,000 people living within a three-mile radius of the subject property and 32,000 within a five-mile radius.
The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national & local tenants and shopping centers all within close proximity of this property. Major national tenants include: Walmart, Staples, Target, Taco Bell, KFC, Harbor Freight Tools, Dollar Tree, Hobby Lobby, Buffalo Wild Wings, Dicks Sporting Goods, Freddys, Popeyes, The Home Depot and Sams Club, as well as many more. In addition to these numerous national and local retail and restaurant concepts, the subject property benefits from its close proximity to Garden City High School, which is the only high school within the city limits and has a total enrollment of more than 2,100 students. The subject property is also located just north of Garden City Community College, which brings another 2,000 students into the immediate area. Another attraction in the immediate area is Parrot Cove Indoor Water Park, which is features numerous indoor attractions and rides, as well as a large arcade and dining options. The water park attracts thousands of families from across Garden City as well as the surrounding towns each year.

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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