Restaurant
Applebee's
116 S Roosevelt Ave, Burlington, IA 52601
Listing Price: $2,496,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Applebee’s located at 116 South Roosevelt Ave in Burlington, Iowa. The site consists of roughly 6,131 rentable square feet of building space on an estimated 1.50-acre parcel of land. This Applebee’s is subject to a new 15-year triple-net (NNN) lease commencing on March 1st, 2022. The rent commencing on March 1st is $156,000 and is scheduled to increase by five percent (5.0%) every five years throughout the base term.
Applebee's
Investment Highlights
- 15-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities Commencing on March 1st, 2022
- Attractive Rental Increases | 5.00% Every Five Years
- Dense Retail Corridor| Major Tenants Include: Walmart, Lowe's, Hobby Lobby, Big Lots, McDonald's, Wendy's, Starbucks, And Many More
Broker of Record
Listing Price: $2,496,000
Investment Highlights
- 15-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities Commencing on March 1st, 2022
- Attractive Rental Increases | 5.00% Every Five Years
- Dense Retail Corridor| Major Tenants Include: Walmart, Lowe's, Hobby Lobby, Big Lots, McDonald's, Wendy's, Starbucks, And Many More
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Applebee’s located at 116 South Roosevelt Ave in Burlington, Iowa. The site consists of roughly 6,131 rentable square feet of building space on an estimated 1.50-acre parcel of land. This Applebee’s is subject to a new 15-year triple-net (NNN) lease commencing on March 1st, 2022. The rent commencing on March 1st is $156,000 and is scheduled to increase by five percent (5.0%) every five years throughout the base term.
Broker of Record
