Seri Bryant

Associate

818.212.2655

"

The quality of your thinking determines the quality of your life. "

Danny Abergel

Senior Associate

CA BRE: 01797904

818.212.2715

"

Beware of the little expenses. A small leak can sink a great ship."

Rebekah Snyder

Senior Research Analyst

818.212.2731

"

Two things define you. Your patience when you have nothing, and your attitude when you have everything."

Ezra Orr

Senior Director, Digital Development

818.212.2730

"

The only person you should try to be better than is the person you were yesterday."

Jesica Ocheltree

Operations Manager

818.212.2730

"

Happiness is a choice, not a result. "

Kathy Magallanes

Certified Agent Support Specialist

"

Success is not in what you have, but who you are."

Applebee's

1820 W University Dr McKinney, TX 75069

Price:
$3,450,000
CAP Rate:
5.99%
NOI:
$206,607*
Net Rentable Area:
5,489 SF
Lot Size:
1.65 Acres
Year Built:
1993 / 1995
Status:
Available

Download the Offering Memorandum for details about the tenant, lease, financials, and more.

Property Details

  • 8.4 years remaining on base term of 20 year NNN lease. No landlord responsibilities.
  • Strong historical tenant performance with 7.75% rent:sales ratio. A secure and stable operator, offering peace of mind ownership.
  • Next rent escalation in 3-years, adjusts ROI to 6.58% against list price. Strong return.
  • Outpad to an Academy Sport anchored center, and shadow anchored by Sam’s Club.
  • Highly Populated Area with around 137,890 people within a Five-Mile Radius.
  • Just off the U.S. Highway 75, one of the most populous highways in the region.
  • Strategically located near Walmart Supercenter.

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