Applebee’s
CONTACT US REGARDING THIS LISTING
PROPERTY ADDRESS
1650 Packard Hwy, Charlotte, MI 48813
PROPERTY INFORMATION
Price:
$1,200,000
Cap Rate:
6.25%
Term Remaining:
10 Years
Status:
Closed
INVESTMENT SUMMARY
– 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