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Restaurant

Applebee's

4296 Kent Rd, Stow, OH 44224

Listing Price: $3,300,000

Cap Rate
9.04%
Tenant Name
Applebee's
Years Remaining On Lease
2.0
Guarantor
Franchisee Guarantee
Rentable SF
5,071
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.82

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Applebee’s located at 4296 Kent Road in Stow, Ohio. The site consists of roughly 5,071 rentable square feet of building space on an estimated 1.24-acre parcel of land. This Applebee’s is subject to a 20-year triple-net (NNN) with 2 years remaining. The current rent is $298,258 and is scheduled to increase by seven and a half percent (7.5%) every five years throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.

Investment Highlights

  • Original 20 Year Triple-Net (NNN) Lease with Approximately 2 Years Remaining
  • Guarantor: The Lease is Guaranteed by Apple American Group LLC, the Largest Applebee's Franchisee Operating roughly 450 Restaurants Across 23 States
  • Nationally Recognized Brand: With Over 2,000 Locations Worldwide, Applebee's is an Iconic Chain that has Strong Brand Recognition

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

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Listing Price: $3,300,000

Cap Rate
9.04%
Tenant Name
Applebee's
Years Remaining On Lease
2.0
Guarantor
Franchisee Guarantee
Rentable SF
5,071
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.82

Investment Highlights

  • Original 20 Year Triple-Net (NNN) Lease with Approximately 2 Years Remaining
  • Guarantor: The Lease is Guaranteed by Apple American Group LLC, the Largest Applebee's Franchisee Operating roughly 450 Restaurants Across 23 States
  • Nationally Recognized Brand: With Over 2,000 Locations Worldwide, Applebee's is an Iconic Chain that has Strong Brand Recognition

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Applebee’s located at 4296 Kent Road in Stow, Ohio. The site consists of roughly 5,071 rentable square feet of building space on an estimated 1.24-acre parcel of land. This Applebee’s is subject to a 20-year triple-net (NNN) with 2 years remaining. The current rent is $298,258 and is scheduled to increase by seven and a half percent (7.5%) every five years throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.

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

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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