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| Price $1,999,907 | Built/Renov 2004 | Tenant Applebee's |
| Cap Rate 8.35% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
9,504
| Lease Start
09-01-2008
| #Units
49
|
| Price/SF $210.43 | Expiration
06-12-2028
| Tenant Type Casual Dining |
| NOI $166,992 | R. Term 3.1 | Ownership Fee Simple |
| Rent/SF
$17.57
| Increases 10.0%/4/yrs | Pop 5Mi 5,701 |
| Lot/AC 2.25 | Options 4/5yrs/10% | AHHI 5Mi $80,865 |
| | |
Applebee’s is strategically located on Tappahannock Boulevard (US Routes 17 & 360), the area’s primary commercial and commuter corridor, with access to 26,900 vehicles passing by daily. The property serves as an outparcel to a Walmart Supercenter, benefiting from outstanding frontage and visibility. It is surrounded by well-known national retailers, including Walmart Supercenter, Lowe’s, Food...
...In location for years
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Strategically located
Long operation history
Absolute NNN
25+ unit franchisee backed
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 | |
| 2029 Total Population : | 1,569 | 3,779 | 5,587 |
| 2024 Total Population : | 1,583 | 3,773 | 5,583 |
| 2024 Employed Civilian Pop : | 714 | 1,789 | 2,746 |
| 2024 Total Businesses : | 192 | 387 | 416 |
| 2024 Average Household Income : | $ 60,404 | $ 62,113 | $ 65,169 |
| 2024 Total Consumer Spending : | $ 38 M | $ 92 M | $ 142 M |
| 2024 Median Age : | 46 | 45 | 46 |
| 2024 Total Households : | 716 | 1,655 | 2,425 |
| 2024 Pop Age 25+: Bachelor's Degree : | 166 | 425 | 585 |
| 2024 Average Home Value : | $ 311,795 | $ 302,599 | $ 315,035 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Church Ln | Teakwood Dr | 2016 | 22,000 | 0.05 mi |
| Tappahannock Boulevard | Teakwood Dr | 2021 | 22,000 | 0.05 mi |
| Tappahannock Boulevard | White Oak Dr | 2021 | 22,000 | 0.06 mi |
| Church Ln | Teakwood Dr | 2016 | 22,000 | 0.06 mi |
| Tappahannock Boulevard | Teakwood Dr | 2018 | 23,000 | 0.06 mi |
| White Oak Dr | Hobbs Hole Dr | 2011 | 2,700 | 0.11 mi |
| SR T 1032 | Sycamore Dr | 2020 | 180 | 0.23 mi |
| Winston Road | Old Creek Lake Dr | 2020 | 3,400 | 0.26 mi |
| R-VA028SC01075NB | White Oak Dr | 2020 | 860 | 0.26 mi |
| Ball Street | Church Ln | 2020 | 2,900 | 0.28 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
