Historical Retail Sale Listing - Applebee's Neighborhood Grill & Bar

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Applebee's Neighborhood Grill & Bar

3895 Hacks Cross Road, Memphis, TN 38125

N/A

7,000 SF | Retail

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

Retail Property - Off Market

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

Highlights

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

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.

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

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Created 8/28/2013