Applebee’s
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Douglas Passon

Managing Partner

Marvin DeLaura

Senior Director

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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