Restaurant

Applebee's

789 Beverly Pike, Elkins, WV 26241

Listing Price: $1,807,407

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
5,098
Guarantor
Franchisee Guarantee
Rentable SF
5,098
Price/Gross SF
$354.53
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.93

Investment Overview

The subject investment property is situated on Beverly Pike, which is a main thoroughfare through Elkins. As such, Beverly Pike has an average daily traffic count of 20,000 vehicles. There are approximately 11,000 individuals living within a three-mile radius of the subject property and 16,000 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

  • Francis McGuire

    Broker Of Record

    License(s): WV0019009

    West Virginia

Listing Price: $1,807,407

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
5,098
Guarantor
Franchisee Guarantee
Rentable SF
5,098
Price/Gross SF
$354.53
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.93

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 on Beverly Pike, which is a main thoroughfare through Elkins. As such, Beverly Pike has an average daily traffic count of 20,000 vehicles. There are approximately 11,000 individuals living within a three-mile radius of the subject property and 16,000 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

  • Francis McGuire

    Broker Of Record

    License(s): WV0019009

    West Virginia

MM Texture Background
MM Textured Background Lower