Listing Summary
This property offers a secure, hands-off investment with over 9 years remaining on an Absolute NNN lease, including 10% rental increases every 5 years.
Full Description
This property offers a secure, hands-off investment with over 9 years remaining on an Absolute NNN lease, including 10% rental increases every 5 years. Applebee’s has operated at this location for over 20 years and recently extended their lease for another decade, signaling long-term commitment.
Backed by RMH Franchise, the second-largest Applebee’s franchisee with 132 locations, this property benefits from its prime location adjacent to The Mall at Sierra Vista, a 400,000+ SF retail hub. Situated on a heavily trafficked intersection with 34,000 vehicles passing daily, the 5,100 SF building enjoys excellent visibility on a 1.79-acre parcel.
Located in Sierra Vista, the largest city in Southeastern Arizona, the property is surrounded by major retailers and boasts strong demographics, with over 50,000 residents within 5 miles and an average household income exceeding $80,000. Historically a high-performing site for Applebee’s, this location offers stable, long-term cash flow with strong operating metrics.
Quick Glance
- Listing ID:
CL-Arizona-11679
- Status:
Active
- Year Build:
2003
- Building Size:
5,100 SqFt
- Lot Size:
5,100.00 Acre