NNN Applebee’s Gainesville FL

  • Price: US $ 3,205,056
  • Property Type: Free standing                    
  • Occupancy: 100%CAP: 6.25%
  • Building Area: approx. 5,200 SF =483 m²
  • Lot:  approx.  63,205 SF = 5872 m²
  • NOI: US $ 200,316
  • Annual Expenses: 0 (Zero) NNN- Tenant responsible for all expenses including property tax, insurance and maintenance
  • Contract Terms: 15 years remaining
  • Increases: 1% every year including on the Six 5 year options
  • Extensions: 6- 5 years’ options
  • Guarantor: Neighborhood Restaurant Partners, LLC a 48 unit’s operator. They plan to continue developing its Applebee’s holdings through ground-up development and new acquisitions.
  • Location: Gainesville is the county seat and largest city in Alachua County, Florida, United States, and the principal city of the Gainesville, Florida Metropolitan Statistical Area (MSA). Gainesville is the largest city in the region of North Central Florida which had a 2013 population of 337,925. Gainesville is home to the University of Florida, the nation’s fifth-largest university campus by enrollment, as well as to Santa Fe College