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Restaurant

Applebee’s | Above Average Store Sales | 2% Annual Increases

3569 N Vermilion St, Danville, IL 61832

Listing Price: $3,197,338

Cap Rate
6.50%
Tenant Name
Apple Central LLC
Years Remaining On Lease
14.7
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$1,065.78
Lease Type
Absolute Net
Rent Per Square Feet
$69.28

Investment Overview

Marcus and Millichap is pleased to present the exclusive listing for the Applebee's located at 3569 North Vermilion Street in Danville, IL.

Investment Highlights

  • High Performing Site | Above Average Store Sales in Previous Years of Operation
  • 14.5+ Years Remaining on a Triple Net (NNN) With Zero Landlord Responsibilities
  • 2% Annual Rental Escalations
  • 2016 Construction Features New Applebees Prototype on a 1.54 Acre Lot

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Restaurant

Applebee’s | Above Average Store Sales | 2% Annual Increases

Listing Price: $3,197,338

Cap Rate
6.50%
Tenant Name
Apple Central LLC
Years Remaining On Lease
14.7
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$1,065.78
Lease Type
Absolute Net
Rent Per Square Feet
$69.28

Investment Highlights

  • High Performing Site | Above Average Store Sales in Previous Years of Operation
  • 14.5+ Years Remaining on a Triple Net (NNN) With Zero Landlord Responsibilities
  • 2% Annual Rental Escalations
  • 2016 Construction Features New Applebees Prototype on a 1.54 Acre Lot

Investment Overview

Marcus and Millichap is pleased to present the exclusive listing for the Applebee's located at 3569 North Vermilion Street in Danville, IL.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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