Restaurant
Applebee's
3540 Court St, Pekin, IL 61554
Listing Price: $2,030,769
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
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
Listing Price: $2,030,769
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
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
