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Restaurant

Applebee's Ground Lease

930 S Westwood Blvd, Poplar Bluff, MO 63901

Listing Price: $1,464,100

Cap Rate
5.00%
Tenant Name
Apple Investor Group, LLC
Years Remaining On Lease
2.5
Guarantor
Franchisee Guarantee
Rentable SF
5,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$14.64

Investment Overview

INVESTMENT HIGHLIGHTS - ABSOLUTE NNN APPLEBEE’S GROUND LEASE WITH A VERY LOW ANNUAL RENT OF ONLY $73,205 ($14.64/SF) - PRICE IS BELOW REPLACEMENT COST AT ONLY $1,464,100 - HISTORICALLY STRONG STORE SALES AND HISTORICAL OCCUPANCY - HAS BEEN AN APPLEBEE’S FOR OVER 18 YEARS - TENANT IS IN THEIR FIRST OF FOUR (4), FIVE (5) YEAR OPTIONS TO EXTEND - ALL OPTIONS HAVE INCREASES OF 10% - STRONG TENANT - APPLE INVESTORS GROUP, LLC IS A FRANCHISEE OF APPLEBEE’S, IHOP, BURGER KING, AND PIZZA HUT- OVER 140 LOCATIONS IN 14 STATES WITH ALMOST 5,000 EMPLOYEES - PER THE LEASE, TENANT PAYS RENT ANNUALLY (NOT MONTHLY) SHOWING THEY ARE WELL CAPITALIZED LOCATION HIGHLIGHTS - LOCATED ON 1.38 ACRES AT A SIGNALIZED CORNER IN THE HEART OF THE RETAIL CORRIDOR OF POPLAR BLUFF - DIRECTLY ACROSS THE STREET FROM HOME DEPOT - LOCATED NEAR ONE OF THE TOP WALMART SUPERCENTERS IN THE COUNTY (PER PLACER) - RANKED IN THE 98TH PERCENTILE NATIONALLY (84TH OUT OF 3,908 STORES) WITH OVER 2.85 VISITORS THE PAST 12 MONTHS - RANKED 2ND OUT OF 121 MO STORES - OTHER NEARBY RETAILERS INCLUDE: HOBBY LOBBY, PETCO, MARSHALLS, OFFICE DEPOT, DURHAM’S, AND MANY NATIONAL QSR AND CASUAL RESTAURANTS - APPROXIMATELY 3 MILES FROM THREE RIVERS COMMUNITY COLLEGE - ENROLLMENT OF 5,000 +/- STUDENTS - APPROXIMATELY 1-MILE FROM POPLAR BLUFF HIGH SCHOOL - 1,500 +/- STUDENTS

Investment Highlights

  • Absolute NNN Applebee's Ground Lease with a very low annual rent of only $73,205 ($14.64/SF)
  • Price is below replacement cost at only $1,464,100
  • Historically strong store sales and historical occupancy - has been an Applebee's for over 18 years

Exclusively Listed By

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s) MO: 2013016939

    Missouri

Financing By

Restaurant

Applebee's Ground Lease

Listing Price: $1,464,100

Cap Rate
5.00%
Tenant Name
Apple Investor Group, LLC
Years Remaining On Lease
2.5
Guarantor
Franchisee Guarantee
Rentable SF
5,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$14.64

Investment Highlights

  • Absolute NNN Applebee's Ground Lease with a very low annual rent of only $73,205 ($14.64/SF)
  • Price is below replacement cost at only $1,464,100
  • Historically strong store sales and historical occupancy - has been an Applebee's for over 18 years

Investment Overview

INVESTMENT HIGHLIGHTS - ABSOLUTE NNN APPLEBEE’S GROUND LEASE WITH A VERY LOW ANNUAL RENT OF ONLY $73,205 ($14.64/SF) - PRICE IS BELOW REPLACEMENT COST AT ONLY $1,464,100 - HISTORICALLY STRONG STORE SALES AND HISTORICAL OCCUPANCY - HAS BEEN AN APPLEBEE’S FOR OVER 18 YEARS - TENANT IS IN THEIR FIRST OF FOUR (4), FIVE (5) YEAR OPTIONS TO EXTEND - ALL OPTIONS HAVE INCREASES OF 10% - STRONG TENANT - APPLE INVESTORS GROUP, LLC IS A FRANCHISEE OF APPLEBEE’S, IHOP, BURGER KING, AND PIZZA HUT- OVER 140 LOCATIONS IN 14 STATES WITH ALMOST 5,000 EMPLOYEES - PER THE LEASE, TENANT PAYS RENT ANNUALLY (NOT MONTHLY) SHOWING THEY ARE WELL CAPITALIZED LOCATION HIGHLIGHTS - LOCATED ON 1.38 ACRES AT A SIGNALIZED CORNER IN THE HEART OF THE RETAIL CORRIDOR OF POPLAR BLUFF - DIRECTLY ACROSS THE STREET FROM HOME DEPOT - LOCATED NEAR ONE OF THE TOP WALMART SUPERCENTERS IN THE COUNTY (PER PLACER) - RANKED IN THE 98TH PERCENTILE NATIONALLY (84TH OUT OF 3,908 STORES) WITH OVER 2.85 VISITORS THE PAST 12 MONTHS - RANKED 2ND OUT OF 121 MO STORES - OTHER NEARBY RETAILERS INCLUDE: HOBBY LOBBY, PETCO, MARSHALLS, OFFICE DEPOT, DURHAM’S, AND MANY NATIONAL QSR AND CASUAL RESTAURANTS - APPROXIMATELY 3 MILES FROM THREE RIVERS COMMUNITY COLLEGE - ENROLLMENT OF 5,000 +/- STUDENTS - APPROXIMATELY 1-MILE FROM POPLAR BLUFF HIGH SCHOOL - 1,500 +/- STUDENTS

Exclusively Listed By

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s): MO: 2013016939

    Missouri

Financing By

MM Texture Background
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