Restaurant

Applebee's

Listing Price: $2,296,296

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,345
Guarantor
Franchisee Guarantee
Rentable SF
4,345
Price/Gross SF
$528.49
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.67

Investment Overview

The subject investment property is situated Kanawha Mall in The Shops at Kanawha. Kanawha Mall intersects with MacCorkle Ave SE which boasts average daily traffic counts exceeding 20,500 vehicles. MacCorkle Ave SE intersects with West Virginia Turnpike which brings an additional 35,500 vehicles into the immediate area. There are more than 36,300 individuals residing within a five-mile radius of the subject property and 107,500 individuals within a ten-mile radius.
The subject property benefits from being well-positioned in The Shops at Kanawha surrounded by major national retailers, academic institutions and a full-service hospital. Major national retailers in the area include: Lowes, Dollar Tree, Family Dollar, Chase Bank, BB&T, AutoZone, OReily Auto Parts, Kmart, Bob Evans, IHOP, Burger King, Arbys, Pizza Hut, as well as many more. Two miles from the subject property is CAMC Memorial Hospital, a full-service hospital with one of the highest volume heart programs in the United States; each year CAMC physicians perform more than 1,600 open-heart bypass surgeries. Additionally, West Virginia Universitys Charleston Division and University of Charleston are both within two miles of the subject property. These two schools have a total combined enrollment exceeding 2,500 students.

Investment Highlights

  • 15-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 1.50% Annually
  • Four (4) Tenant Renewal Periods of Five (5) Years Each

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Listing Price: $2,296,296

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,345
Guarantor
Franchisee Guarantee
Rentable SF
4,345
Price/Gross SF
$528.49
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.67

Investment Highlights

  • 15-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 1.50% Annually
  • Four (4) Tenant Renewal Periods of Five (5) Years Each

Investment Overview

The subject investment property is situated Kanawha Mall in The Shops at Kanawha. Kanawha Mall intersects with MacCorkle Ave SE which boasts average daily traffic counts exceeding 20,500 vehicles. MacCorkle Ave SE intersects with West Virginia Turnpike which brings an additional 35,500 vehicles into the immediate area. There are more than 36,300 individuals residing within a five-mile radius of the subject property and 107,500 individuals within a ten-mile radius.
The subject property benefits from being well-positioned in The Shops at Kanawha surrounded by major national retailers, academic institutions and a full-service hospital. Major national retailers in the area include: Lowes, Dollar Tree, Family Dollar, Chase Bank, BB&T, AutoZone, OReily Auto Parts, Kmart, Bob Evans, IHOP, Burger King, Arbys, Pizza Hut, as well as many more. Two miles from the subject property is CAMC Memorial Hospital, a full-service hospital with one of the highest volume heart programs in the United States; each year CAMC physicians perform more than 1,600 open-heart bypass surgeries. Additionally, West Virginia Universitys Charleston Division and University of Charleston are both within two miles of the subject property. These two schools have a total combined enrollment exceeding 2,500 students.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

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