Skip to main content

Restaurant

Applebee's

116 S Roosevelt Ave, Burlington, IA 52601

Listing Price: $2,496,000

Cap Rate
6.25%
Tenant Name
Applebee's
Years Remaining On Lease
15.0
Guarantor
No Guarantee
Rentable SF
6,131
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.44

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.

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

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Listing Price: $2,496,000

Cap Rate
6.25%
Tenant Name
Applebee's
Years Remaining On Lease
15.0
Guarantor
No Guarantee
Rentable SF
6,131
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.44

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

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

MM Texture Background
MM Textured Background Lower