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Restaurant

Applebee's

4191 Rockside Rd, Seven Hills, OH 44131

Listing Price: $2,725,000

Cap Rate
10.39%
Tenant Name
Applebee's
Years Remaining On Lease
2.0
Gross SF
5,228
Guarantor
Franchisee Guarantee
Rentable SF
5,228
Price/Gross SF
$521.23
Lease Type
Absolute Net
Rent Per Square Feet
$54.16

Investment Overview

The subject Applebees is operated by Apple Ohio LLC, a subsidiary of Flynn Restaurant Group the largest restaurant franchisee in the United States with 1,200+ units. The property is located just across from Flynn Restaurant Groups headquarters and three blocks away from Interstate 77. Independence, Ohio is in the Cleveland MSA and six miles from the city center. This high-yield Applebees has just under three years remaining on the base term, with 7.5-percent rent increases in each option period.

Investment Highlights

  • High-Yield Opportunity with Largest Applebee's Franchisee
  • Located across from Flynn Restaurant Group Headquarters
  • Apple Ohio, LLC is owned by Flynn Restaurant Group (1,200+ Units)
  • 7.5-Percent Rent Increases Each Option Period

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $2,725,000

Cap Rate
10.39%
Tenant Name
Applebee's
Years Remaining On Lease
2.0
Gross SF
5,228
Guarantor
Franchisee Guarantee
Rentable SF
5,228
Price/Gross SF
$521.23
Lease Type
Absolute Net
Rent Per Square Feet
$54.16

Investment Highlights

  • High-Yield Opportunity with Largest Applebee's Franchisee
  • Located across from Flynn Restaurant Group Headquarters
  • Apple Ohio, LLC is owned by Flynn Restaurant Group (1,200+ Units)
  • 7.5-Percent Rent Increases Each Option Period

Investment Overview

The subject Applebees is operated by Apple Ohio LLC, a subsidiary of Flynn Restaurant Group the largest restaurant franchisee in the United States with 1,200+ units. The property is located just across from Flynn Restaurant Groups headquarters and three blocks away from Interstate 77. Independence, Ohio is in the Cleveland MSA and six miles from the city center. This high-yield Applebees has just under three years remaining on the base term, with 7.5-percent rent increases in each option period.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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