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| Price $1,533,000 | Built/Renov 1998 | Tenant Applebee's (GL) |
| Cap Rate 5.75% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
5,500
| Lease Start
07-23-1997
| #Units
440
|
| Price/SF $278.73 | Expiration
07-22-2027
| Tenant Type Casual Dining |
| NOI $88,117 | R. Term 2.8 | Ownership Ground Lease |
| Rent/SF
$16.02
| Increases 12.0%/3/yrs | Pop 5Mi 47,979 |
| Lot/AC 0.96 | Options 1/5yrs/12% | AHHI 5Mi $86,646 |
| | |
Applebee’s is strategically located on NM 516/E Main St., the primary retail corridor, with access to 39,798 vehicles passing by daily. As per placer.ai data, Applebee’s holds the distinction of being the #1 location in terms of foot traffic in the state of New Mexico and ranks in the top 91% nationally among all Applebee’s locations over the last twelve months. Additionally, Farmington hosts...
...In location for years
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Affluent suburb location
Long operation history
Absolute NNN
Top performing store
Publicly traded company
Top franchise operator
Applebee's is a leader in the casual dining market. The chain was founded in 1980 in Decatur, GA, and focuses on a family-friendly atmosphere and signature bar and grill menu. Currently, there...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,788 | 28,347 | 47,250 |
| 2023 Total Population : | 4,884 | 28,827 | 47,979 |
| 2023 Employed Civilian Pop : | 1,831 | 10,799 | 18,328 |
| 2023 Total Businesses : | 309 | 1,438 | 2,694 |
| 2023 Average Household Income : | $ 82,776 | $ 93,456 | $ 86,646 |
| 2023 Total Consumer Spending : | $ 124 M | $ 861 M | $ 1310 M |
| 2023 Median Age : | 36 | 36 | 36 |
| 2023 Total Households : | 1,764 | 10,678 | 17,467 |
| 2023 Pop Age 25+: Bachelor's Degree : | 421 | 2,361 | 3,640 |
| 2023 Average Home Value : | $ 200,664 | $ 235,814 | $ 222,140 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Largo St | 2022 | 2,666 | 0.15 mi | |
| Largo Street | English Rd | 2022 | 2,909 | 0.17 mi |
| East Main Street | Shopping Center | 2022 | 30,127 | 0.18 mi |
| East Main Street | Beckland Dr | 2022 | 31,231 | 0.20 mi |
| Largo St | Highland View Dr | 2003 | 4,760 | 0.21 mi |
| Beckland Dr | Country Club Dr | 2003 | 6,374 | 0.26 mi |
| 2018 | 3,602 | 0.30 mi | ||
| Beckland Drive | 2018 | 3,829 | 0.31 mi | |
| Gila Street | Washington Ave | 2022 | 934 | 0.31 mi |
| English Road | Gila St | 2022 | 1,074 | 0.32 mi |
East Wareham, MA
Cap Rate 6.15%
Lease Abs NNN
R. Term 4.50 yrs
Size/SF 5,780
Batavia, IL
Cap Rate 6.00%
Lease Abs NNN
R. Term 9.20 yrs
Size/SF 5,547
Flint, MI
Cap Rate 5.75%
Lease Abs NNN
R. Term 5.90 yrs
Size/SF 7,163
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
