Applebee's - Net Lease Property for Sale
Venice, FL
Key Investment Metrics
Price
$3,184,067
Cap Rate
5.9%
Net Operating Income
$187,860
Building Size
5106 SF
Lot Size
5,106 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
About This Applebee's Net Lease Property
This Applebee's NNN (triple net lease) property is located in Venice, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 5106 square feet of building space.
With a cap rate of 5.9%, this Applebee's net lease property offers stable income potential. The asking price is $3,184,067, 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.
Venice, FL Market Overview
Located in Venice, FL, this Applebee's property benefits from strong local demographics and market fundamentals. The Venice area offers excellent visibility and accessibility, making it an ideal location for Applebee's operations and a solid investment for net lease property buyers.