Applebee’s

1650 Packard Hwy, Charlotte, MI 48813

PROPERTY DETAILS

  • Cap Rate 6.25%
  • Leasable Area 4,112 sq ft

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INVESTMENT OVERVIEW

- Brand New 10 Year Absolute NNN Lease - Ten (10%) Increases in Year 6 and in Option Periods - Applebee’s Successfully Operating at this Site since 2001 - Strong 66 Unit Operator on Lease - Very low Rent-to-Sales ratio

PROPERTY INFORMATION

Price:
$1,200,000
Cap Rate:
6.25%
Lease Term:
10 years
Status:
Closed

LOCATION INFORMATION

Address:
1650 Packard Hwy, Charlotte, MI 48813


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