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Applebee's @ Surprise Towne Center 13756 W Bell Rd 5,103 SF Retail Building Surprise, AZ 85374 $4,930,994 CAD ($966.29 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Absolute Triple-Net (NNN) Lease With Annual Rental Increases
- Applebee's Operates 1,600+ Locations Worldwide
- 225,970 Residents within a 5-Mile Radius in Growing Phoenix MSA Trade Area
- Located in Surprise Towne Center & Marketplace, a Major Retail Center Surrounded by National Tenants Including Walmart, Target, The Home Depot, etc.
- Easily Accessible by US Route 60 (67,800 CPD), W Bell Road (48,020 CPD), and Litchfield Rd (22,030 CPD)
- Average Household Income Exceeds $90,000 Within the Surrounding Area
Executive Summary
As one of the world’s largest casual dining brands, Applebee’s is a go-to dining destination in neighborhoods throughout the United States and abroad. Their guests know they can always count on Applebee's for a delicious and affordable meal, refreshing and fun drinks, and a come-as-you-are welcoming environment.
RMH Holdings Inc operates 132 units in 14 states. The company provides world-class management services to some of America’s most popular restaurants.
Surprise, Arizona is located just 28 miles northwest of downtown Phoenix. The City of Surprise sits at the foot of the White Tank Mountains and is currently home to over 100,000 residents.
RMH Holdings Inc operates 132 units in 14 states. The company provides world-class management services to some of America’s most popular restaurants.
Surprise, Arizona is located just 28 miles northwest of downtown Phoenix. The City of Surprise sits at the foot of the White Tank Mountains and is currently home to over 100,000 residents.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,103 SF
Building Class
B
Year Built
2001
Price
$4,930,994 CAD
Price Per SF
$966.29 CAD
Cap Rate
6.75%
NOI
$332,888 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.79 AC
Zoning
PAD
Parking
40 Spaces (7.84 Spaces per 1,000 SF Leased)
Frontage
85’ on W Bell Rd
Amenities
- Restaurant
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $12,677 CAD | Total Assessment | $329,156 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$12,677 CAD
Improvements Assessment
$0 CAD
Total Assessment
$329,156 CAD
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Applebee's @ Surprise Towne Center | 13756 W Bell Rd
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