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Applebee's | 2+Yrs Remain Corp Abs NNN 2010 Interstate 70 Dr SW 5,470 SF 100% Leased Retail Building Columbia, MO 65203 $2,700,000 ($493.60/SF) 8.41% Cap Rate

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INVESTMENT HIGHLIGHTS

2+ Years Remaining | Scheduled Rental Increases | Options to Extend | Established Brand
Dense Retail Corridor | Columbia Mall (737,000+ SF) | Strong National/Credit Tenant Presence | Outparcel to Marshalls |Nearby Apartments & School
Strong Demographics in 5-Mile Trade Area | Direct Consumer Base

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Located Along N. Stadium Blvd | Interstate 70 |Excellent Visibility

EXECUTIVE SUMMARY

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Applebee’s investment property located in Columbia, Missouri. The tenant currently has 2+ years remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Applebee’s franchise operations consisted of 1,567 Applebee’s restaurants in the United States, two U.S. territories and 15 countries outside 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

Restaurant

Building Size

5,470 SF

Building Class

Year Built

1993

Price

$2,700,000

Price Per SF

$493.60

Cap Rate

8.41%

NOI

$227,109

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.12

Lot Size

1.08 AC

Zoning

M-C - Mixed Use - Corridor

Parking

69 Spaces (12.61 Spaces per 1,000 SF Leased)

Corner Lot
Freeway Visibility

Pylon Sign
Restaurant

Signage

Signalized Intersection

Accommodation and Food Services
99,999 SF
-
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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.