Restaurant

Applebee's

1820 W University Dr, McKinney, TX 75069

Listing Price: $3,178,569

Cap Rate
6.50%
Tenant Name
Applebee's
Years Remaining On Lease
8.00
Guarantor
Franchisee Guarantee
Rentable SF
5,489
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.64

Investment Overview

This 10 year NNN Applebee’s lease offers 8.3 years remaining on the base term followed by two 5-year options. Located 0.8 miles away from Collins College, a community college with over 55,000 students. Close proximity to other retail Including McDonald’s, Wendy’s, Long Jon Silver’s, Arby’s, Burger King, Jack in the Box, and many more.

Investment Highlights

  • 8.4 years remaining on base term of 20 year NNN lease. No landlord responsibilities.
  • Strong historical tenant performance with 7.75% rent:sales ratio. A secure and stable operator, offering peace of mind ownership.
  • Next rent escalation in 3-years, adjusts ROI to 6.58% against list price. Strong return.
  • Outpad to an Academy Sport anchored center, and shadow anchored by Sam's Club.
  • Highly Populated Area with around 137,890 people within a Five-Mile Radius.
  • Just off the U.S. Highway 75, one of the most populous highways in the region.
  • Strategically located near Walmart Supercenter.

Exclusively Listed By

Listing Price: $3,178,569

Cap Rate
6.50%
Tenant Name
Applebee's
Years Remaining On Lease
8.00
Guarantor
Franchisee Guarantee
Rentable SF
5,489
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.64

Investment Highlights

  • 8.4 years remaining on base term of 20 year NNN lease. No landlord responsibilities.
  • Strong historical tenant performance with 7.75% rent:sales ratio. A secure and stable operator, offering peace of mind ownership.
  • Next rent escalation in 3-years, adjusts ROI to 6.58% against list price. Strong return.
  • Outpad to an Academy Sport anchored center, and shadow anchored by Sam's Club.
  • Highly Populated Area with around 137,890 people within a Five-Mile Radius.
  • Just off the U.S. Highway 75, one of the most populous highways in the region.
  • Strategically located near Walmart Supercenter.

Investment Overview

This 10 year NNN Applebee’s lease offers 8.3 years remaining on the base term followed by two 5-year options. Located 0.8 miles away from Collins College, a community college with over 55,000 students. Close proximity to other retail Including McDonald’s, Wendy’s, Long Jon Silver’s, Arby’s, Burger King, Jack in the Box, and many more.

Exclusively Listed By

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