Applebee's Grill + Bar for Sale in Venice, FL
Venice, FL
Key Investment Metrics
Price
$3,231,830
Cap Rate
5.9%
Net Operating Income
$190,678
Building Size
5106 SF
Land Area
1 Acres
Remaining Term
16 years
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
1.5% Annually
Property overview
Applebee's Grill + Bar in Venice
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 5,106 SF
- Land area
- 1 acres
- Lease type
- Absolute NNN
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.