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Restaurant

Applebee's | 25 Yr. Net Lease | Strong Franchisee

608 S Air Depot Blvd, Midwest City, OK 73110

Listing Price: $2,250,000

Cap Rate
6.00%
Tenant Name
Applebee's
Guarantor
Franchisee Guarantee
Rentable SF
4,848
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$278.47

Investment Overview

Marcus & Millichap is pleased to offer for sale a profitable and well operated Apple-bee’s Franchisee sale leaseback opportunity located in Midwest City, OK. This restaurant is located along the major retail corridor of Air Port Depot with nationally recognized tenants which include: Ross, Taco Bell, Braums, Aldi, iHop, McDonalds, Dollar Tree, CVS, Walgreens, ALDI, and Many More. The tenant, Applebee’s, is operated by one of the chain’s largest franchisee comprising of more than 40+ stores within operations. Ownership includes building and land; thus, ownership has ability for taxable depreciation on the asset and management free income. This location sits within the major retail corridor of Air Port Depot Blvd which sees more than 25,000 cars per day with a Dense Demographic of more than 124,000 people within 5 mile population

Investment Highlights

  • Rare Long Term NNN Lease | 25 Year Triple Net (NNN) Lease with Zero Land-lord Responsibilities
  • Attractive Rental Increases | 1.50% Annually and Four (4) Tenant Renewals Periods of Five (5) Years each
  • Successful Applebee's Operator | 40+ Units with Low Rent to Sales Ratio
  • Low Rent to Sales Ratio | Experienced Operator ensures safety and security of the operations and the brand and demonstrates Tenant's Ability to Pay Rent
  • Surrounding Successful Tenants | Traffic Exceeding: 25,000 Cars Per Day
  • Successful and Nationally Recognized National Tenants | Neighboring Tenants: Braums (***Known for Successful Real Estate Locations), ALDI, Ross, Dollar Tree, iHop, Taco Bell, and many more.
  • Management Free Real Estate Income | Lease Structure is an absolute triple net (NNN) lease which is ideal for an 1031 exchange buyer

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Restaurant

Applebee's | 25 Yr. Net Lease | Strong Franchisee

Listing Price: $2,250,000

Cap Rate
6.00%
Tenant Name
Applebee's
Guarantor
Franchisee Guarantee
Rentable SF
4,848
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$278.47

Investment Highlights

  • Rare Long Term NNN Lease | 25 Year Triple Net (NNN) Lease with Zero Land-lord Responsibilities
  • Attractive Rental Increases | 1.50% Annually and Four (4) Tenant Renewals Periods of Five (5) Years each
  • Successful Applebee's Operator | 40+ Units with Low Rent to Sales Ratio
  • Low Rent to Sales Ratio | Experienced Operator ensures safety and security of the operations and the brand and demonstrates Tenant's Ability to Pay Rent
  • Surrounding Successful Tenants | Traffic Exceeding: 25,000 Cars Per Day
  • Successful and Nationally Recognized National Tenants | Neighboring Tenants: Braums (***Known for Successful Real Estate Locations), ALDI, Ross, Dollar Tree, iHop, Taco Bell, and many more.
  • Management Free Real Estate Income | Lease Structure is an absolute triple net (NNN) lease which is ideal for an 1031 exchange buyer

Investment Overview

Marcus & Millichap is pleased to offer for sale a profitable and well operated Apple-bee’s Franchisee sale leaseback opportunity located in Midwest City, OK. This restaurant is located along the major retail corridor of Air Port Depot with nationally recognized tenants which include: Ross, Taco Bell, Braums, Aldi, iHop, McDonalds, Dollar Tree, CVS, Walgreens, ALDI, and Many More. The tenant, Applebee’s, is operated by one of the chain’s largest franchisee comprising of more than 40+ stores within operations. Ownership includes building and land; thus, ownership has ability for taxable depreciation on the asset and management free income. This location sits within the major retail corridor of Air Port Depot Blvd which sees more than 25,000 cars per day with a Dense Demographic of more than 124,000 people within 5 mile population

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

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