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Applebee’s 1390 Dunlawton Ave 6,010 SF 100% Leased Retail Building Port Orange, FL 32127 $3,545,455 ($589.93/SF) 5.50% Cap Rate
Investment Highlights
- Absolute NNN lease – zero landlord responsibilities for a truly passive investment.
- Applebee's Grill + Bar, subsidiary of Dine Brands Global, Inc. (NYSE: DIN), ±1,600 locations.
- Port Orange population growth of 7.25% over the last 4 years.
- Brand new 15-year lease with 2% annual increases and five, 5-year renewal options.
- Dunlawton Ave sees over ±42,500 VPD; near Walmart, Home Depot, Target, and Lowe's.
- One of the most desirable communities in Central Florida with strong retail corridors.
Executive Summary
Broker Of Record
Kyle Matthews
Matthews Real Estate Investment Services, Inc
BK3554632, CQ1066435 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Kyle Matthews
Matthews Real Estate Investment Services, Inc
BK3554632, CQ1066435 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,010 SF
Building Class
B
Year Built/Renovated
1996/2012
Price
$3,545,455
Price Per SF
$589.93
Cap Rate
5.50%
NOI
$195,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.06
Lot Size
2.45 AC
Zoning
PCD - Planned Commercial Development - City of Port Orange, FL
Parking
100 Spaces (16.64 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6317-08-00-0020 | Improvements Assessment | $842,610 |
| Land Assessment | $933,818 | Total Assessment | $1,776,428 |
Property Taxes
Parcel Number
6317-08-00-0020
Land Assessment
$933,818
Improvements Assessment
$842,610
Total Assessment
$1,776,428
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