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Restaurant

Applebee's

4610 Gallia St, New Boston, OH 45662

Listing Price: $2,805,267

Cap Rate
5.75%
Tenant Name
Legacy Apple III / Legacy Apple II
Years Remaining On Lease
16.5
Guarantor
Franchisee Guarantee
Rentable SF
5,378
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.99

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for an Applebee’s located at 4610 Gallia St in New Boston, Ohio. The site consists of roughly 5,378 rentable square feet of building space on estimated 1.25-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 $161,303 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.

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

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

Restaurant

Applebee's

Listing Price: $2,805,267

Cap Rate
5.75%
Tenant Name
Legacy Apple III / Legacy Apple II
Years Remaining On Lease
16.5
Guarantor
Franchisee Guarantee
Rentable SF
5,378
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.99

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 4610 Gallia St in New Boston, Ohio. The site consists of roughly 5,378 rentable square feet of building space on estimated 1.25-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 $161,303 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

  • 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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