This property is Off-Market

3895 Hacks Cross Road
Memphis, TN 38125 ·

7,000 SF · Retail For Sale

N/A

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Applebee's Neighborhood Grill & Bar

Price N/A Cap Rate 5.25%
Building Size 7,000 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Restaurant Property on Ground Lease? Yes
Property Use Type Net Lease Investment with 10+ years left on lease Year Built 2013
Construction Status Under Construction/Proposed Lot Size 1.39 AC
Listing ID: 18332253 Date Created: 08/28/2013 Last Updated: 09/17/2013

Description

*Picture presented is a sample Applebee's - Store is Currently Under Construction.

New Applebee's Prototype which will be opening soon. Applebee's is located at 3895 Hacks Cross Road, in Memphis, Tennessee. The subject is an approximate 7,000-square foot single-tenant retail building on 1.399 acres. The lease is an absolute triple-net (NNN) fee simple ground lease with no landlord responsibilities and provides for 10 percent increases every five years, including the six, five-year option periods. The lease will begin 12/1/13. Applebee's Neighborhood Grill & Bar is a DineEquity, Inc. (NYSE: DIN) brand. Currently, there are over 1,990 Applebee's restaurants operating system-wide in 49 states, 15 international countries. Applebee's is the largest casual dining chain in the world with annual sales of $4.7 billion. Current tenant and affiliates own and operate 91 restaurants.

* This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

This investment offering is situated at 3895 Hacks Cross Road, in Memphis, Tennessee. This will be a new Applebee's Prototype which will be opening soon.

* Picture presented is a sample Applebee's - Store is Currently Under Construction.

Highlights

  • New Applebee's Prototype Opening Soon
  • No Landlord Responsibility
  • 10 Percent Increase Every 5 Years
  • National Tenant
  • Ground Lease
  • Brokers Welcome

Research

3895 Hacks Cross Road, Memphis, TN 38125 (Shelby County)

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