NNN Applebee’s Orlando FL

  • Price: US $ 2,932,000
  • Property Type: Free standing                    
  • Occupancy: 100%
  • CAP: 5.81%
  • Building Area: approx.  4,975 SF = 462 m²
  • Lot:  approx. 13,590 SF = 1262 m²
  • NOI: US $ 170,275
  • Annual Expenses: 0 (Zero) NNN- Tenant responsible for all expenses including property tax, insurance and maintenance
  • Contract Terms: 13.5 years remaining Expires on 05/21/2032
  • Increases: 1% annually
  • Extensions: 6- 5 years’ options
  • Guarantor: Neighborhood Restaurant Partners Florida, LLC. Neighborhood Restaurant Partners is a strong operator, with over 120 locations throughout the southeast and Texas.
  • Location: A+ Location just a 15-minute drive from the Orlando International Airport. Strong surrounding demographics – 200,441 residents in a 5-mile radius and an average household income of $102,195