Applebee’s (Corporate)

Applebee’s (Corporate)

Greenville, TX

Greenville, TX

Applebee’s (Corporate)

Offered for sale is the opportunity to acquire an absolute net lease Applebee's in Greenville, Texas. The property consists of a 5,023-square-foot, freestanding building that sits on 1.17 acres of land. There are 4.7 years remaining on the current lease term, with 10% rental increases every five years.

Price $3,602,000
Cap Rate 7.75%
Building Size 5,023 sqft
Lot Size 1.17 acres
Year Built 1993
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Absolute Net Lease with 4.7 Years Remaining - 10 Percent Rental Escalations Every Five Years
  • Excellent Frontage on Wesley Street (21,352 VPD) Provides Easy Access and Visibility to Interstate 30 (53,377 VPD)
  • Outparcel to Lowe’s
  • The Greenbelt, a 325-Acre Mixed-Use Development, is Expected to Bring an Estimated 1,200 Units of Single Family Homes and Multifamily Rental Housing Along Interstate 30
  • Large 1.17 Acre Parcel with Ample Parking and Multiple Access Points
  • Greenville’s Main Retail Corridor with Numerous National Credit Tenants Surrounding the Property
  • Less than a One-Hour Drive from Downtown Dallas
  • Corporate Guarantee

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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