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Applebee's - Kendallville, IN (7.31% CAP)
602 Fairview Blvd, Kendallville, IN 46755
Available Now
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FOR SALERetail / Fast Food + Restaurant
Cap Rate
7.31%
NOI
$122,412
Building Size
4,755SF
Lot Size
1.42Ac
Year Built
2000
Occupancy
100%
Listing Contacts
More property details
Tenancy
Single Tenant
Currently Leased
No
Investment
Net Lease
Brand
Applebees
Ground Lease
No
Features & amenities
Unit Amenities
Onsite Parking
Location Amenities
Convenience Store
Location
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Applebee's - Kendallville, IN (7.31% CAP)
About the location
Sands Investment Group is pleased to exclusively offer for sale a 4,755
SF Applebee’s located at 602 Fairview Boulevard in Kendallville, Indiana.
The property is leased on a Triple Net (NNN) basis with 3+ years
remaining, requiring zero landlord responsibilities. The lease includes
annual rent increases, providing investors with a strong hedge against
inflation and a secured, income-producing investment opportunity.
Location highlights
- 3+ years remaining on a Triple Net (NNN) Lease with zero landlord
- responsibilities
- Annual rent increases provide a healthy hedge against inflation
- Strong guarantee from RMH Franchise Holdings, currently operating
- over 130 restaurants across 14 states
- Applebee's is one of the world's largest casual dining brands, with
- over 1,512 locations in 16 countries