Applebee’s

Applebee’s Merrimack

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APPLEBEE’S
Merrimack County, NH

PRICE $3,400,000
GLA 5,000 SF
PROPERTY TYPE Retail
CAP RATE 5.0%
LEASE TYPE NNN
LEASE EXPIRATION Dec. 2032
YEAR BUILT 1992
DEMOGRAPHICS
Total Population
1 – mi. – 25,238
3 – mi. – 139,709
5 – mi. – 318,159
More info in the flyer

INVESTMENT HIGHLIGHTS

  • Applebee’ s Grill & Bar is the original tenant and has occupied the building since 1993
  • The Current Lease Term Expires on 12/31/2017 and is Immediately Followed by a New, 15 Year Lease Term which Extends the Lease through December 2032
  • Highly Visible and Easily Accessible Corner Location on Loudon Road at the Main Entrance to Steeplgate Mall
  • Numerous National Retailers are Located in the Immediate Trade Area Including: Home Depot, Target, Walmart, Sam’ s Club, Best Buy, and Michaels
  • The building was constructed as a build-to-suit for Applebee’ s in 1992 and contains approximately 5,000 square feet with seating for 165 patrons.
  • The Applebee’ s franchisee and lessee is Apple American Group which is the largest Applebee’ s franchisee in the US, operating 485 restaurants in 26 states and is part of the Flynn Restaurant Group, the largest franchise operator in the US.

City:Merrimack County
State:NH
Square Feet:5,000 SF
Price:$3,400,000
Cap Rate:5.0%

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