Applebee's - NNN Net Lease Property for Sale

About This Applebee's Net Lease Property

This Applebee's NNN (triple net lease) property is located in Spartanburg, SC and represents an excellent investment opportunity for commercial real estate investors. The property features5370 square feet of building space and was built in 1995.

With a cap rate of 6.5%, this Applebee's net lease property offers stable income potential. The asking price is $3,359,610, 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.

Spartanburg, SC Market Overview

Located in Spartanburg, SC, this Applebee's property benefits from strong local demographics and market fundamentals. The Spartanburg area offers excellent visibility and accessibility, making it an ideal location for Applebee's operations and a solid investment for net lease property buyers.