Applebee's - Net Lease Property for Sale
Casselberry, FL
Key Investment Metrics
Price
$3,619,368
Cap Rate
6.8%
Net Operating Income
$247,926
Building Size
5333 SF
Lot Size
5,333 SF
Land Area
1.27 Acres
Remaining Term
7.8 years
Lease Expiration
10/28/2033
Lease Type
Absolute NNN
Year Built
2013
Occupancy
100%
Tenancy
Single
Rent Increases
1% annual
About This Applebee's Net Lease Property
This Applebee's NNN (triple net lease) property is located in Casselberry, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 5333 square feet of building space and was built in 2013.
With a cap rate of 6.8%, this Applebee's net lease property offers stable income potential. The asking price is $3,619,368, 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.
Casselberry, FL Market Overview
Located in Casselberry, FL, this Applebee's property benefits from strong local demographics and market fundamentals. The Casselberry area offers excellent visibility and accessibility, making it an ideal location for Applebee's operations and a solid investment for net lease property buyers.