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Applebee's & IHOP Dual Brand Restaurant 250 NE Agness Ave 4,964 SF Retail Building Grants Pass, OR 97526 $4,409,000 ($888.20/SF) 6.35% Cap Rate
Investment Highlights
- Rebranding to Applebee’s + IHOP Dual Brand Stores
- Strategic I-5 Location Within Proximity to Demand Generators
- Opened September 2025
- Long Operating History with Extensive Remodel
- Surrounded by top national retailers—including Walmart, WinCo, Grocery Outlet, and Fred Meyer
Executive Summary
An established Applebee’s location in Grants Pass that recently completed a full remodel into a next-gen Applebee’s + IHOP dual-brand prototype, secured by a 20-year absolute NNN lease. The property is positioned at a key intersection just off I-5 in a busy Walmart-anchored center. The subject property celebrated its grand opening in September 2025.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,964 SF
Building Class
C
Year Built
2001
Price
$4,409,000
Price Per SF
$888.20
Cap Rate
6.35%
NOI
$279,972
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.69 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Frontage
300’ on Agness Ave
Amenities
- Pylon Sign
- Restaurant
Nearby Major Retailers
Property Taxes
| Parcel Number | R334707 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,151,470 |
Property Taxes
Parcel Number
R334707
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,151,470
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Applebee's & IHOP Dual Brand Restaurant | 250 NE Agness Ave
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