Restaurant

Applebee's

4610 Gallia St, New Boston, OH 45662

Listing Price: $1,851,852

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
5,378
Guarantor
Franchisee Guarantee
Rentable SF
5,378
Price/Gross SF
$344.34
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.24

Investment Overview

The subject investment property is situated along Gallia St, which is a main thoroughfare running directly through the heart of New Boston and connecting the city to nearby Portsmouth. The road brings approximately 29,000 vehicles, on average, directly past the subject property each day. Additionally, nearby Harrisonville Rd brings an additional 12,000 vehicles into the immediate area, on average, each day. There are approximately 13,000 people living within a three-mile radius of the subject property and 15,000 living within a five-mile radius.

Investment Highlights

  • A 15-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 1.5 Percent Annually
  • Has Four Tenant Renewal Periods of Five 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: $1,851,852

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
5,378
Guarantor
Franchisee Guarantee
Rentable SF
5,378
Price/Gross SF
$344.34
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.24

Investment Highlights

  • A 15-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 1.5 Percent Annually
  • Has Four Tenant Renewal Periods of Five Years Each

Investment Overview

The subject investment property is situated along Gallia St, which is a main thoroughfare running directly through the heart of New Boston and connecting the city to nearby Portsmouth. The road brings approximately 29,000 vehicles, on average, directly past the subject property each day. Additionally, nearby Harrisonville Rd brings an additional 12,000 vehicles into the immediate area, on average, each day. There are approximately 13,000 people living within a three-mile radius of the subject property and 15,000 living within a five-mile radius.

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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