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Applebee's - Winter Haven FL 201 Cypress Gardens Blvd SW 5,052 SF Retail Building Winter Haven, FL 33880 $4,827,000 ($955.46/SF) 6.55% Cap Rate
Investment Highlights
- 8+ Years Remaining | Annual Rental Increases | Established Brand |Strong Operator
- 75,000+ Square Foot Colonial Promenade Shopping Mall | Primary Retail Corridor
- Strong Demographics In 5-mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
Executive Summary
• 8+ years remaining with 6 (5-year) option periods to extend
• The lease features 1% rental increases annually throughout the initial term and each option period
• The lease is guaranteed by Neighborhood Restaurant Partners, a 100+ unit franchisee
• Applebee’s franchise operations consisted of 1,567 Applebee’s restaurants in the United States and 47 company-operated U.S restaurants as of December 29, 2024
• The lease features 1% rental increases annually throughout the initial term and each option period
• The lease is guaranteed by Neighborhood Restaurant Partners, a 100+ unit franchisee
• Applebee’s franchise operations consisted of 1,567 Applebee’s restaurants in the United States and 47 company-operated U.S restaurants as of December 29, 2024
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,052 SF
Building Class
B
Year Built/Renovated
1999/2004
Price
$4,827,000
Price Per SF
$955.46
Cap Rate
6.55%
NOI
$316,033
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.55 AC
Zoning
C-3 - Commercial Highway
Parking
93 Spaces (18.41 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Restaurant
- Signage
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 26-28-32-643500-000606 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,335,177 |
Property Taxes
Parcel Number
26-28-32-643500-000606
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,335,177
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Applebee's - Winter Haven FL | 201 Cypress Gardens Blvd SW
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