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Applebee's Neighborhood Bar and Grill 543 E FM 3040 5,911 SF Retail Building Lewisville, TX 75067 $3,415,886 ($577.89/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Hedge Against Inflation: 8% rent increase in July 2029, with 10%+ bumps scheduled at each option.
- Ideal Location: Prime signalized corner location with full visibility off E Round Rd (40K vehicles per day), just off major highway I-35
- Large Lot Size: Property benefits from large lot size of 1.14 acres.
- Nearby National Retailers: Additional national retailers in the area include Target, Walmart, Kroger, Chick-fil-A, Starbucks, and Home Depot.
EXECUTIVE SUMMARY
Zero Landlord Responsibilities: Absolute NNN lease with over 8 years remaining, requiring minimal landlord involvement as the tenant covers insurance, taxes, and maintenance expenses.
Strong Franchisee: Apple Texas Restaurants operates over 80 Applebee’s locations and is a subsidiary of SSCP Management, a proven multi-brand operator with over 500 units, including CiCi’s Pizza, Corner Bakery, Roy’s Fine Dining, and Sonic.
Strong Franchisee: Apple Texas Restaurants operates over 80 Applebee’s locations and is a subsidiary of SSCP Management, a proven multi-brand operator with over 500 units, including CiCi’s Pizza, Corner Bakery, Roy’s Fine Dining, and Sonic.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,911 SF
Building Class
C
Year Built
2005
Price
$3,415,886
Price Per SF
$577.89
Cap Rate
7%
NOI
$239,112
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.14 AC
Parking
30 Spaces (5.08 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R171345 | Improvements Assessment | $1,179,454 |
| Land Assessment | $845,546 | Total Assessment | $2,025,000 |
PROPERTY TAXES
Parcel Number
R171345
Land Assessment
$845,546
Improvements Assessment
$1,179,454
Total Assessment
$2,025,000
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Applebee's Neighborhood Bar and Grill | 543 E FM 3040
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