Restaurant

Applebee's

1135 3rd Ave, Huntington, WV 25701

Listing Price: $1,733,333

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,660
Guarantor
Franchisee Guarantee
Rentable SF
4,660
Price/Gross SF
$371.96
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.11

Investment Overview

The subject investment property is situated at the corner of Third Avenue and 12th Street. Third Avenue runs parallel to the Ohio River through all of Huntington up to the north, where Marshall University is located, most notably known for its football program and expertise in public research. Third Avenue Boasts just over 12,100 vehicles per day. There are more than 46,200 residents within a three-mile radius of the property and more than 70,100 individuals residing 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, major sports complexes and hospitality accommodations all within close proximity of this property. Major national tenants include: CVS, Chick-fil-A, Starbucks, McDonalds, Wendys, Jimmy Johns, Red Lobster, GNC, Verizon, Bob Evans, Dominos, Dunkin Donuts, Subway, Chipotle, Pizza Hut, and several other quick service restaurants. Additionally, several hospitality accommodations are within immediate proximity to the subject investment property. These include: Delta Hotels, Marriot, Hampton Inn, Fairfield Inn & Suites, Super 8, DoubleTree and more. This property greatly benefits from its positioning in close proximity to Marshall University, a university home to over 13,000 students studying a wide array of disciplines. Marshall is most renown for its public research intensive studies as well as a deep rooted history in their football program where alumni like Randy Moss and Chad Pennington, two retired NFL players, have played.

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

  • Francis McGuire

    Broker Of Record

    License(s): WV0019009

    West Virginia

Listing Price: $1,733,333

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,660
Guarantor
Franchisee Guarantee
Rentable SF
4,660
Price/Gross SF
$371.96
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.11

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 at the corner of Third Avenue and 12th Street. Third Avenue runs parallel to the Ohio River through all of Huntington up to the north, where Marshall University is located, most notably known for its football program and expertise in public research. Third Avenue Boasts just over 12,100 vehicles per day. There are more than 46,200 residents within a three-mile radius of the property and more than 70,100 individuals residing 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, major sports complexes and hospitality accommodations all within close proximity of this property. Major national tenants include: CVS, Chick-fil-A, Starbucks, McDonalds, Wendys, Jimmy Johns, Red Lobster, GNC, Verizon, Bob Evans, Dominos, Dunkin Donuts, Subway, Chipotle, Pizza Hut, and several other quick service restaurants. Additionally, several hospitality accommodations are within immediate proximity to the subject investment property. These include: Delta Hotels, Marriot, Hampton Inn, Fairfield Inn & Suites, Super 8, DoubleTree and more. This property greatly benefits from its positioning in close proximity to Marshall University, a university home to over 13,000 students studying a wide array of disciplines. Marshall is most renown for its public research intensive studies as well as a deep rooted history in their football program where alumni like Randy Moss and Chad Pennington, two retired NFL players, have played.

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

  • Francis McGuire

    Broker Of Record

    License(s): WV0019009

    West Virginia

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