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Applebee's 1301 Kansas Dr 3,642 SF Retail Building Paola, KS 66071 $1,550,000 ($425.59/SF) 8.70% Cap Rate
INVESTMENT HIGHLIGHTS
- High Yield Investment Opportunity – This offering reflects an attractive 8.70% cape rate on in-place income
- Attractive Demographics – The average household income within the 3-mile radius is $100k+ which benefits an investor by owning a property
- High Density Retail Corridor – Dense retail corridor surrounded by various national tenants, including but not limited to Subway, KFC, McDonald’s
- Absolute NNN Lease – This is an absolute NNN lease which provides a landlord with zero responsibilities offering a passive income structure.
- Below Replacement Cost – Opportunity to acquire a casual dining restaurant at a price below the current replacement cost.
- Direct Access to Hwy 169 – The subject property is in close proximity to Highway 169 which has an average daily vehicle count of ±13,100.
EXECUTIVE SUMMARY
Kyle Matthews
License # #CO00002672 (KS)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
There's a lot to love about Applebee's. Founded over 4 decades ago on the principles of exceptional value and family fun, they take pride in having a friendly, welcoming, neighborhood environment. They continue to set the standards for best practices in the restaurant industry. People Report has awarded them the Heart of the Workplace Award, Top Performer in Management Retention Award, Excellence in Retention Award, and Catalyst Award. Forbes named them One of America's Best Managed Companies, and Restaurant Hospitality Magazine named them Chain of the Year. They are proud of these accomplishments and believe when thousands of people embrace their responsibility to their neighborhoods, the results can be astounding.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 135-15-0-00-00-006.07-0 | Improvements Assessment | $364,225 |
| Land Assessment | $34,320 | Total Assessment | $398,545 |
PROPERTY TAXES
CONTACTS
-
Nathan Fitzgibbons -
Cade Norland -
Keegan Mulcahy -
Matthews Real Estate Investment Services
Presented by
Applebee's | 1301 Kansas Dr
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