Applebee's | Single Tenant Absolute (NNN) Lease | New 15-Year Corporate Guarante

2615 Southwest 19th Avenue Road, Ocala, FL 34474

Accepting Offers
Applebee's | Single Tenant Absolute (NNN) Lease | New 15-Year Corporate GuaranteApplebee's | Single Tenant Absolute (NNN) Lease | New 15-Year Corporate GuaranteApplebee's | Single Tenant Absolute (NNN) Lease | New 15-Year Corporate GuaranteApplebee's | Single Tenant Absolute (NNN) Lease | New 15-Year Corporate Guarante
Asking Price

$3,730,000

Applebee's | Single Tenant Absolute (NNN) Lease | New 15-Year Corporate Guarante

2615 Southwest 19th Avenue Road, Ocala, FL 34474

Asset Type: Real Estate

Estate: Fee Simple

Year Built: 2003

Number of Floors: 1

Property Type: Retail

Occupancy %: 100

Land Area: 1.44 Acres

Property Size: 5,616 SF

Investment Highlights

  • Single-tenant retail investment opportunity
  • Absolute NNN lease structure
  • New 15-year lease
  • Corporate guaranteed lease by Dine Brands Global, Inc.(NYSE: DIN)
  • Established operating history
  • Nationally recognized restaurant brand
  • Stabilized passive investment
  • No state income tax in Florida

Applebee's | Single Tenant Absolute (NNN) Lease | New 15-Year Corporate Guaranteed Lease

Single-tenant retail investment opportunity featuring a NYSE (DIN) corporate guaranteed Applebee’s lease with absolute NNN structure. The property consists of a 5,616 SF freestanding retail building positioned for long-term passive ownership. Ocala Metro Ranks No. 1 in Growth for Second Consecutive Year. Located in SW Ocala, the property is in a Dense retail corridor surrounded by national brands and major shopping destinations, including Walmart Supercenter, Rooms To Go, ALDI, PNC Bank, Planet Fitness, Best Buy, Hobby Lobby and the Paddock Mall. The property is minutes from the College of Central Florida’s Ocala Campus, serving more than 9,500 students and supporting steady daytime traffic and consumer activity. Additionally, Ocala has developed into a strategic manufacturing, distribution and logistics hub, supported by the expansion of the Ocala International Business Airport and major public companies like Amazon who recently bought a massive 1.085 million-square-foot distribution facility on a 91-acre site property at a cost of approximately $100million. Other Logistics facilities include: Chewy, AutoZone and FedEx distribution centers, The asset presents a long term stabilized offering with a proven operating history. This offering combines corporate tenancy, and a well-known national concept in a single-tenant investment profile in the fastest growing Metro for the Second Consecutive year in a row!

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Investment Sales Broker

Rob Henry

Rob Henry

SVN | Commercial Partners

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