3730 Village Dr
Lincoln, NE 68516
Applebee's · Retail Property For Sale

The subject property is a single tenant Applebee’s Restaurant located in Lincoln, Nebraska. The Property consists of a freestanding ± 5,480 sf retail building on a ± 1.4 acre parcel of land at 3730 Village Drive. The building was constructed in 1993 and renovated in 2010. Our operator is RMH Franchise Corporation, the 2nd largest Applebee’s operator with 176 locations. The current rent to sales ratio is a reasonable 8.3%. Applebee’s is located near the intersection of Old Cheney Road and So. 40th Street. Traffic generators include Hy-Vee Supermarket, Walgreens Drugstore, ACE Hardware, Advance Auto, US Department of Veterans Affairs, Allied Insurance, Nationwide Insurance, Union Insurance, Wells Fargo Band & Mortgage, Bank of the West, BNC National Bank, Nebraska Bank of Commerce, Burger King, Cornhusker Bank, Crafthouse Fabrics, Misty’s and Tandoor Indian. This excellent location sits between significant retail uses including Target, Lowe’s, Petco, Party America and the SouthPointe Pavilions (Von Maur, Trader Joes, Michaels, Sheels Sports and Old Navy). Lincoln is the capital of Nebraska and has a population of 280,000 residents. Lincoln’s diverse economy is led by service, manufacturing, government, education, finance and insurance. The Lincoln MSA reports an unemployment rate of 2.6%.