3001 Lefevre Dr
Brookings, SD 57006
Applebee's Grill + Bar · Retail Property For Sale

This is an excellent opportunity to purchase an investment property for $2,869,300 at 6.50% cap rate with a new 20 year lease. This NNN lease includes increases every 5 years and four 5-year options. The property is in an ideal location, with a population of 26,139 and with an average household income exceeding $59,000 within 5 miles of the property. Brookings is the home of South Dakota State Uni-versity, the largest institution of higher education in the state with 12,500 students. This Applebee' s Grill and Bar is located on LeFevre Drive in Brookings, South Dakota. LeFevre Drive is just off 6th Street, also know as Highway 14, and Interstate 29. Traffic counts recorded on 6th street tally at 3,650 vehicles per day near the property and 16,480 vehicles per day west of the property. This Applebee' s is adjacent to Fairfield Inn & Suites, Hampton Inn & Suites, and Holiday Inn Express & Suites. Other nearby properties include Super 8, Cenex, Daktronics headquarters, Whiskey Creek, Larson Ice Center, Lowe' s, Walmart Supercenter, Perkin' s and many more. Brookings Health System is just over one mile east of Applebee' s. Brookings is located in east central South Dakota on Interstate I-29 with a population of 22,000, and another 12,500 university students. Brookings is the fourth largest city in South Dakota. It is the county seat of Brookings County. Brookings is the home of South Dakota State University, the largest institution of higher education in the state, it provides a variety of educational, cultural and athletic opportunities for residents as well as visitors.