Restaurant

Applebee's

Listing Price: $2,222,222

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,437
Guarantor
Franchisee Guarantee
Rentable SF
4,437
Price/Gross SF
$500.84
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.81

Investment Overview

The subject investment property is situated along Cassidy Boulevard, which intersects with North Mayo Trail, a major vessel that runs along the Levisa Fork to the University of Pikeville. North Mayo Trail boats just over 33,600 average daily vehicles. There are more than 14,300 individuals residing within a five-mile radius of the property and more than 34,300 individuals within a ten-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: $2,222,222

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,437
Guarantor
Franchisee Guarantee
Rentable SF
4,437
Price/Gross SF
$500.84
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.81

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 Cassidy Boulevard, which intersects with North Mayo Trail, a major vessel that runs along the Levisa Fork to the University of Pikeville. North Mayo Trail boats just over 33,600 average daily vehicles. There are more than 14,300 individuals residing within a five-mile radius of the property and more than 34,300 individuals within a ten-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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