Restaurant
Applebee's (Corporate)
7004 Wesley St, Greenville, TX 75402
Listing Price: $3,602,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Applebee's in Greenville, Texas. The property consists of a 5,023-square-foot, freestanding building that sits on 1.17 acres of land. There are 4.7 years remaining on the current lease term, with 10% rental increases every five years.
Applebee's (Corporate)
Investment Highlights
- Absolute Net Lease with 4.7 Years Remaining - 10 Percent Rental Escalations Every Five Years
- Excellent Frontage on Wesley Street (21,352 VPD) Provides Easy Access and Visibility to Interstate 30 (53,377 VPD)
- Outparcel to Lowe's
- The Greenbelt, a 325-Acre Mixed-Use Development, is Expected to Bring an Estimated 1,200 Units of Single Family Homes and Multifamily Rental Housing Along Interstate 30
- Large 1.17 Acre Parcel with Ample Parking and Multiple Access Points
- Greenville's Main Retail Corridor with Numerous National Credit Tenants Surrounding the Property
- Less than a One-Hour Drive from Downtown Dallas
- Corporate Guarantee
Exclusively Listed By
Financing By
Listing Price: $3,602,000
Investment Highlights
- Absolute Net Lease with 4.7 Years Remaining - 10 Percent Rental Escalations Every Five Years
- Excellent Frontage on Wesley Street (21,352 VPD) Provides Easy Access and Visibility to Interstate 30 (53,377 VPD)
- Outparcel to Lowe's
- The Greenbelt, a 325-Acre Mixed-Use Development, is Expected to Bring an Estimated 1,200 Units of Single Family Homes and Multifamily Rental Housing Along Interstate 30
- Large 1.17 Acre Parcel with Ample Parking and Multiple Access Points
- Greenville's Main Retail Corridor with Numerous National Credit Tenants Surrounding the Property
- Less than a One-Hour Drive from Downtown Dallas
- Corporate Guarantee
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Applebee's in Greenville, Texas. The property consists of a 5,023-square-foot, freestanding building that sits on 1.17 acres of land. There are 4.7 years remaining on the current lease term, with 10% rental increases every five years.
Exclusively Listed By
Financing By
