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Restaurant

Applebee's

3540 Court St, Pekin, IL 61554

Listing Price: $2,030,769

Cap Rate
6.50%
Tenant Name
Applebee's
Years Remaining On Lease
12.0
Guarantor
No Guarantee
Rentable SF
5,020
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.29

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Applebee’s located at 3540 Court Street in Pekin, Illinois. The site consists of roughly 5,020 rentable square feet of building space on an estimated 1.34-acre parcel of land. This Applebee’s is subject to a new 12-year triple-net (NNN) lease commencing on March 1st, 2022. The rent commencing on March 1st is $132,000 and is scheduled to increase by five percent (5.0%) every five years throughout the base term.

Investment Highlights

  • 12-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities Commencing on March 1st, 2022
  • Attractive Rental Increases | 5.00% Every Five Years
  • Several Schools Nearby | Over 3,500 Students within Five Miles of the Property

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

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Restaurant

Applebee's

Listing Price: $2,030,769

Cap Rate
6.50%
Tenant Name
Applebee's
Years Remaining On Lease
12.0
Guarantor
No Guarantee
Rentable SF
5,020
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.29

Investment Highlights

  • 12-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities Commencing on March 1st, 2022
  • Attractive Rental Increases | 5.00% Every Five Years
  • Several Schools Nearby | Over 3,500 Students within Five Miles of the Property

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Applebee’s located at 3540 Court Street in Pekin, Illinois. The site consists of roughly 5,020 rentable square feet of building space on an estimated 1.34-acre parcel of land. This Applebee’s is subject to a new 12-year triple-net (NNN) lease commencing on March 1st, 2022. The rent commencing on March 1st is $132,000 and is scheduled to increase by five percent (5.0%) every five years throughout the base term.

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

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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