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Restaurant

Applebee's

1820 W University Dr, McKinney, TX 75069

Listing Price: $3,478,569

Cap Rate
5.94%
Tenant Name
Applebee's
Years Remaining On Lease
7.7
Guarantor
Franchisee Guarantee
Rentable SF
5,489
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.64

Investment Overview

This 10 year NNN Applebee’s lease offers 8.3 years remaining on the base term followed by two 5-year options. Located 0.8 miles away from Collins College, a community college with over 55,000 students. Close proximity to other retail Including McDonald’s, Wendy’s, Long Jon Silver’s, Arby’s, Burger King, Jack in the Box, and many more.

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Investment Highlights

  • 8.4 years remaining on base term of 20 year NNN lease. No landlord responsibilities.
  • Strong historical tenant performance with 7.75% rent:sales ratio. A secure and stable operator, offering peace of mind ownership.
  • Next rent escalation in 3-years, adjusts ROI to 6.58% against list price. Strong return.
  • Outpad to an Academy Sport anchored center, and shadow anchored by Sam's Club.
  • Highly Populated Area with around 137,890 people within a Five-Mile Radius.
  • Just off the U.S. Highway 75, one of the most populous highways in the region.
  • Strategically located near Walmart Supercenter.
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Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

Restaurant

Applebee's

1820 W University Dr, McKinney, TX 75069

View Listing Documents
Property Image
Property Image
Gallery View Map Street View

Listing Price: $3,478,569

Cap Rate
5.94%
Tenant Name
Applebee's
Years Remaining On Lease
7.7
Guarantor
Franchisee Guarantee
Rentable SF
5,489
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.64

Investment Highlights

  • 8.4 years remaining on base term of 20 year NNN lease. No landlord responsibilities.
  • Strong historical tenant performance with 7.75% rent:sales ratio. A secure and stable operator, offering peace of mind ownership.
  • Next rent escalation in 3-years, adjusts ROI to 6.58% against list price. Strong return.
  • Outpad to an Academy Sport anchored center, and shadow anchored by Sam's Club.
  • Highly Populated Area with around 137,890 people within a Five-Mile Radius.
  • Just off the U.S. Highway 75, one of the most populous highways in the region.
  • Strategically located near Walmart Supercenter.

Investment Overview

This 10 year NNN Applebee’s lease offers 8.3 years remaining on the base term followed by two 5-year options. Located 0.8 miles away from Collins College, a community college with over 55,000 students. Close proximity to other retail Including McDonald’s, Wendy’s, Long Jon Silver’s, Arby’s, Burger King, Jack in the Box, and many more.

Read More

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

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