Applebee's - Spring Hill, FL

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Pricing and Location


Price:   $5,231,770

Address:   4651 Commercial Way, Spring Hill, Florida 34606

Status:   Available

Property Details


CAP Rate: 6.10% Year Built: 2007
Net Rentable Area: 4,996
Lot Size (Acres): 1.48 NOI: $319,138

Marketing Materials


Property Description


Located at 4651 Commercial Way, Spring Hill, Florida34606. The 20 year true NNN lease offers 10.3 years remaining on the base term (as of the time this campaign was launched in 8/2017) followed by two five year options thereafter. The lease has regular rent escalations and is priced herein on December’s rent bump 12/2017, and will be credited to Buyer by Seller at close of escrow any differential in rents as of the time of closing. This passive investment offers a risk averse investor the opportunity to acquire a sleep at night lease on a tenant that has a national footprint and with store sales in excess of $2.7(mil) in annual sales. The rent:sales ratio for this site is better than the casual dining industry standard at 10.46% rent:sales ratio. (File photo abovw)

Area Map and Street View


What Clients Are Saying                                     
 

"I want to thank for your part in helping us achieve our sale leaseback goals for 2009. We are pleased with the balance you helped us achieve between sales price, rent and overall cap rate. I would not hesitate to recommend you and your firm to other potential clients. Feel free to use me as a reference."
Joe Cirelli/The Pep Boys Manny, Moe & Jack

Contact Us

NNN Deal
in association with Marcus & Millichap

16830 Ventura Blvd. Suite 100
Encino, CA 91436

Lior Regenstreif
First Vice President, Investments
Senior Director, National Retail Group
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.


Rebekah Zweiban Wallack

Senior Research Analyst
Special Projects Coordinator
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Toll Free: 888.NNN.DEAL
Phone: 818.907.9525
Fax: 818.907.8557