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Restaurant

Applebee's

1311 Smithville Hwy, McMinnville, TN 37110

Listing Price: $1,846,154

Cap Rate
6.50%
Tenant Name
Apple MCM, LLC
Years Remaining On Lease
6.3
Guarantor
Franchisee Guarantee
Rentable SF
3,900
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.77

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for an Applebee’s located at 1609 East 17th Avenue in Hutchinson, Kansas. The site consists of roughly 3,900 rentable square feet of building space on estimated 1.42-acre parcel of land. This Applebee’s is subject to an absolute (NNN) lease, which has approximately 6.5 years of term remaining. The current annual rent is $120,000 and is scheduled to increase by 9.26% and 10% in each of the four (4), five (5)-year renewal options. *Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.

Investment Highlights

  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Approximately 6.5 Years of Lease Term Remaining
  • Attractive Rental Increases | 9.26% in September 2023 and 10% in Each Option Period

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Listing Price: $1,846,154

Cap Rate
6.50%
Tenant Name
Apple MCM, LLC
Years Remaining On Lease
6.3
Guarantor
Franchisee Guarantee
Rentable SF
3,900
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.77

Investment Highlights

  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Approximately 6.5 Years of Lease Term Remaining
  • Attractive Rental Increases | 9.26% in September 2023 and 10% in Each Option Period

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for an Applebee’s located at 1609 East 17th Avenue in Hutchinson, Kansas. The site consists of roughly 3,900 rentable square feet of building space on estimated 1.42-acre parcel of land. This Applebee’s is subject to an absolute (NNN) lease, which has approximately 6.5 years of term remaining. The current annual rent is $120,000 and is scheduled to increase by 9.26% and 10% in each of the four (4), five (5)-year renewal options. *Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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