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Applebee’s

637 North Westover Boulevard, Albany, GA, USA
$3,509,728 6.25% Cap 4,405 sq ft Built 1991 Representative Photo Print This Page

Location

637 North Westover Boulevard, Albany, GA, USA

Price: $3,509,728
Cap Rate: 6.25%
Net Operating Income: $219,358
Square-Footage: 4,405
Lot Size: 1.48 AC
Year Built: 1991

100% Fee Simple InterestAbsolute NNN LeaseAnnual IncreasesCorporate GuaranteeLocated on a Major Commercial ThoroughfareStrong and Experienced OperatorZero Landlord Obligations

The subject offering is an Applebee’s Grill + Bar. The assets is located in
Albany, Georgia. The absolute NNN leases will call for annual 1% increases
in rent. The lease also calls for two, 5-year options, with annual 1% bumps
in options.

The lease is owned by a strong and experienced operator. Neighborhood
Restaurant Partners currently owns and operates 119 neighborhood
Applebee’s.

Albany is a city in southwest Georgia. The Flint RiverQuarium highlights the ecology of the Flint River, and has turtles and alligators. Thronateeska Heritage Center includes the Wetherbee Planetarium, plus science and history museums. Downtown’s Ray Charles Memorial features a life-size statue of the musician, who was born in the city. To the north, Chehaw Park has trails, and a zoo with cheetahs and rhinos.

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presented by

Kase Abusharkh Founding Principal View profile
Jacob Abusharkh Managing Principal View profile

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