Applebee's - Waverly, IA_待售物业
Applebee's - Waverly, IA_待售物业
2500 4th St SW, Waverly, IA, 50677, US

Applebee's - Waverly, IA

资产描述

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Applebee's (the “Property”) located at 2500 4th St SW in Waverly, Iowa. This single tenant net lease asset is 100% occupied by Thrive Restaurant Group, who will sign a 3 year lease upon sale. The 3,840 SF building was built in 2006 and sits on 1.09 acres of land.


Thrive Restaurant Group, doing business as Applebee's, is a leading restaurant organization that operates a network of over 170 restaurants across 15 states. The company operates a number of successful brands, including Applebee’s, Carlos O’Kelly’s, and HomeGrown. Applebee's has over 1,600 locations across the U.S. and is a subsidiary of Dine Brands (NYSE: DIN), which had a market cap of approximately $712 million as of January 2023. In addition to Applebee’s, Dine Brands includes two other successful national restaurant brands, IHOP and Fuzzy’s.


The property is an outlot to a Walmart Supercenter, the only Walmart in the city of Dubuque. The site is also within close proximity to stop-by customer drivers such as the Hy-Vee, Dollar Tree, Quality Inn, and Kwik Star. Located on a signalized intersection of US-218 BUS, the parcel benefits from a clear, unobstructed view from the roadway. US-218 BUS, carrying approximately 15,000 VPD in the area, is the most highly traveled roadway in the entire city. Within a three-mile radius, average household income approximately equal to the national average and has grown at a solid pace over the last five years. With a relatively highly educated and young population, the surrounding area is primed for continued growth, as evidenced by steady population growth over the last five years.


Please see OM for more information.

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属性

询价
¥10,449,000
资本化率
8%
建筑净面积
357 平方米
土地总面积
0.44 公顷
占用率
100%
加权平均未到期租赁期
3 年
建成年份
2006

媒体

投资亮点

SINGLE TENANT SALE LEASEBACK

• The property is occupied by a single tenant on a net lease, minimizing landlord responsibilities

• The property leasing back to existing tenant upon sale eliminates the need for up-front T.I. investment by landlord due to preexisting franchise-spec construction & interior finish


WALMART OUTLOT IN COMMERCIAL CORRIDOR

• The site is an outlot to a steady traffic driver, Walmart Supercenter, the only Walmart in the city

• The location is within close proximity to stop-by customer drivers such as the Hy-Vee, Dollar Tree, Quality Inn, and Kwik Star


REPUTABLE OPERATOR WITH NATIONAL PRESENCE

• Thrive Restaurant Group is a well-known, nationally successful franchise company with a diversified portfolio over 170 restaurants

• Applebee’s, which is a subsidiary of Dine Brands (NYSE: DIN), has over 1,600 locations and a presence in 17 countries


HIGHLY VISIBLE CORNER OF SIGNALIZED INTERSECTION

• The parcel is located on a signalized intersection of US- 218 BUS

• The site benefits from a from a clear, unobstructed view from the roadway

Applebee's - Waverly, IA 4_待售物业

联系经纪人

Applebee's - Waverly, IA (0个物业)
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最后更新
2024年5月16日