Applebee's - Net Lease Property for Sale
Clovis, CA
Key Investment Metrics
Price
$4,524,000
Cap Rate
6.9%
Net Operating Income
$311,680
Building Size
6993 SF
Lot Size
6,993 SF
Remaining Term
7.7 years
Lease Expiration
08/31/2033
Lease Term
20 years
Lease Commencement
09/01/2013
Lease Type
NNN
Tenant Credit
Franchisee
Year Built
1985
Occupancy
100%
Tenancy
Single
Rent Increases
6% Every 30 Months + Percentage Rent
About This Applebee's Net Lease Property
This Applebee's NNN (triple net lease) property is located in Clovis, CA and represents an excellent investment opportunity for commercial real estate investors. The property features 6993 square feet of building space and was built in 1985.
With a cap rate of 6.9%, this Applebee's net lease property offers stable income potential. The asking price is $4,524,000, 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.
Clovis, CA Market Overview
Located in Clovis, CA, this Applebee's property benefits from strong local demographics and market fundamentals. The Clovis area offers excellent visibility and accessibility, making it an ideal location for Applebee's operations and a solid investment for net lease property buyers.