Applebee's - Net Lease Property for Sale
Bluefield, VA
Key Investment Metrics
Price
$2,735,459
Cap Rate
5.8%
Net Operating Income
$157,289
Building Size
5391 SF
Lot Size
5,391 SF
Land Area
1.05 Acres
Remaining Term
12.4 years
Lease Expiration
05/19/2038
Lease Term
17 years
Lease Commencement
05/23/2021
Lease Type
Absolute NNN
Year Built
2005
Occupancy
100%
Tenancy
Single
Rent Increases
1.50% Annually
About This Applebee's Net Lease Property
This Applebee's NNN (triple net lease) property is located in Bluefield, VA and represents an excellent investment opportunity for commercial real estate investors. The property features 5391 square feet of building space and was built in 2005.
With a cap rate of 5.8%, this Applebee's net lease property offers stable income potential. The asking price is $2,735,459, making it an attractive option for 1031 exchange investors seeking quality Applebee's commercial properties.
Why Invest in Applebee's NNN Properties?
- Stable Income: Applebee's net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Applebee's is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Bluefield, VA Market Overview
Located in Bluefield, VA, this Applebee's property benefits from strong local demographics and market fundamentals. The Bluefield area offers excellent visibility and accessibility, making it an ideal location for Applebee's operations and a solid investment for net lease property buyers.