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Applebee’s

3050 Ross Clark Circle, Dothan, AL, USA
$3,045,952 6.25% Cap 4,965 sq ft Built 1991 Representative Photo Print This Page

Location

3050 Ross Clark Circle, Dothan, AL, USA

Price: $3,045,952
Cap Rate: 6.25%
Net Operating Income: $190,372
Square-Footage: 4,965
Lot Size: 1.26 AC
Year Built: 1991

100% Fee Simple InterestAbsolute NNN LeaseAnnual IncreasesLocated on a Major Commercial ThoroughfareSurrounded by Major RetailersZero Landlord Obligations

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

Dothan is a city in Dale, Henry, and Houston counties in the U.S. state of Alabama. It is the county seat of Houston County and the seventh largest city in Alabama, with a population of 65,496 at the 2010 census. It is near the state’s southeastern corner, approximately 20 miles (32 km) west of the Georgia state line and 16 miles (26 km) north of Florida.

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presented by

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

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