Restaurant
Applebee's
2280 E Kansas Ave, McPherson, KS 67460
Listing Price: $2,490,304
Investment Overview
Marcus & Millichap is pleased to present the exclusive net lease offering for an Applebee’s located at 2280 E. Kansas Ave in McPherson, Kansas. The site consists of roughly 4,354 rentable square feet of building space on estimated 1.40-acre parcel of land. This Applebee’s is subject to an absolute (NNN) lease, which has approximately 16.5 years of term remaining. The current annual rent is $143,192 and is scheduled to increase by one and a half percent (1.5%) annually starting in year 7 and continuing into each of the four (4), five (5)-year renewal options. *Glen Kunofsky and other members of the selling entity, Exclusive Listing Agents, are part fee owners of this property. They are licensed real estate salespeople for Marcus and Millichap in the State of New York.
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $2,490,304
Investment Highlights
- Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Approximately 16.5 Years of Lease Term Remaining
- Attractive Rental Increases | 1.50% Annually Starting Year 7
Investment Overview
Marcus & Millichap is pleased to present the exclusive net lease offering for an Applebee’s located at 2280 E. Kansas Ave in McPherson, Kansas. The site consists of roughly 4,354 rentable square feet of building space on estimated 1.40-acre parcel of land. This Applebee’s is subject to an absolute (NNN) lease, which has approximately 16.5 years of term remaining. The current annual rent is $143,192 and is scheduled to increase by one and a half percent (1.5%) annually starting in year 7 and continuing into each of the four (4), five (5)-year renewal options. *Glen Kunofsky and other members of the selling entity, Exclusive Listing Agents, are part fee owners of this property. They are licensed real estate salespeople for Marcus and Millichap in the State of New York.
Exclusively Listed By
Broker of Record
Financing By
