Price: $2,832,848
Cap Rate: 6.25%
Net Operating Income: $177,053
Square Footage: 4,979
Lot Size: 1.22 AC
Year Built: 1998

The subject offering is an Applebee’s Grill + Bar. The assets is located in
Valdosta, 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.

Valdosta is a city in southern Georgia. Part of Valdosta State University, the Dedo Maranville Fine Arts Gallery exhibits student and national artists. Lowndes County Historical Society and Museum documents local history. South of the city, Wild Adventures Theme Park is home to animals, roller coasters and Splash Island water park. A raised boardwalk traverses the wetlands of the Grand Bay Wildlife Management Area