Applebee’s South Texas USA Area

Restaurant
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Highlights

  • Price: $3,250,000
  • Tenant: Applebee's
  • Lease type: Triple Net
  • Annual Rent: $191,750
  • Square feet: 5,100
  • Yield ( Cap Rate ): 5.90%
  • Lease Term: 18 years
  • Rent per S.F.: $37.60
  • Extension Options: In lease
  • Rental Increases: In lease

Description

The property for sale is a single-tenant Applebee’s restaurant in the South Texas USA area. This restaurant has 18 years remaining of lease term. This Applebee’s restaurant is positioned near retailers including Walmart, a grocery store and a hardware store. The lease is guaranteed by a corporation with over 175 locations.