2600 W State St | Alliance, OH 44601
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2600 W State St
Alliance, OH 44601
Applebee's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Applebee’s executed a brand new 15-year lease extension with 8% rental increases every 5 years, illustrating their success and commitment to this site
- The long-term, Absolute NNN lease calls for no landlord responsibilities or expenses, making this an ideal property for a passive investor.
- Outparcel to a high-volume Walmart with additional tenants including TJ Maxx, Dollar Tree, Verizon, Lowe’s, Tractor Supply, McDonald’s and Starbucks.
- This Applebee’s has operated here for over 20 years, completed a $1M store remodel in 2015 and ranks Top 20% of all Applebee’s nationwide (Placer.ai)
- Guaranteed by Apple American Group LLC, the largest Applebee’s franchisee, operating 441 restaurants across 23 states; part of Flynn Restaurant Group.
- Applebee's is adjacent to the 45-acre redevelopment of the former Carnation City Mall site, anchored by a 160,000 SF Meijer superstore
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,320 SF
Building Class
C
Year Built/Renovated
2000/2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.72 AC
Zoning
C-2 - Commercial
Parking
80 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
97’ on State St
AMENITIES
- Pylon Sign
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 07700914 | Improvements Assessment | $204,720 |
| Land Assessment | $252,700 | Total Assessment | $457,420 |
PROPERTY TAXES
Parcel Number
07700914
Land Assessment
$252,700
Improvements Assessment
$204,720
Total Assessment
$457,420
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