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Applebee's 680 Southbridge St 5 479 pi² Commerce de détail Immeuble Auburn, MA 01501 2 529 230 $ CAD (461,62 $ CAD/pi²) 6,50% Taux de capitalisation

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Certaines informations ont été traduites automatiquement.

Faits saillants de l'investissement

Long Term Ground Lease
Strong Operator
Strategic Retail Location

Scheduled Rent Increases
Zero Management Responsibilities
High Traffic Counts

Résumé de l'annonce

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant Applebee’s investment property located at 680 Southbridge Street in Auburn, Massachusetts (the “Property”). Applebee’s has been at this location since 1999, originally operating under a 20-year, Absolute NNN Ground Lease. Applebee’s has since exercised two of their 5-year options, demonstrating their commitment to the site and the market. The ground lease currently has 3+ years of term remaining followed by two (2), 5-year renewal options. The lease features rent increases at the start of each of the remaining renewal options. Applebee’s is strategically located along Southbridge Street in Auburn’s primary commercial corridor, situated next to the signalized intersection with Faith Avenue and Goulding Drive, which provides strong visibility, frontage, and convenient access. The Property benefits from excellent regional connectivity, located near the interchange of Interstate 290 and the Massachusetts Turnpike (I-90), allowing for efficient access to Worcester, Boston, and surrounding Central Massachusetts communities. The surrounding retail environment is well established, with nearby national retailers and traffic generators including BJ’s Wholesale Club, Walmart Supercenter, and the Auburn Mall, all of which contribute to consistent consumer traffic and sustained activity within the trade area.

Faits sur la propriété

Type de vente

Investissement pour loyer hypernet

Type de propriété

Commerce de détail

Sous-type de propriété

Restaurant

Taille du bâtiment

5 479 pi²

Classe d’immeuble

Année de construction

2000

Prix

2 529 230 $ CAD

Prix par pi²

461,62 $ CAD

Taux de capitalisation

6,50%

Revenu net d’exploitation

164 400 $ CAD

Location

Unique

Hauteur du bâtiment

1 étage

Coefficient d’occupation des sols de l’immeuble

0,07

Taille du lot

1,79 AC

Façade

200’ sur Southbridge St

Ligne d'autobus

Enseigne sur pylône

Affichage

Intersection avec signalisation

Principaux locataires

Hébergement et services alimentaires
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There's a lot to love about Applebee's. Founded over 4 decades ago on the principles of exceptional value and family fun, they take pride in having a friendly, welcoming, neighborhood environment. They continue to set the standards for best practices in the restaurant industry. People Report has awarded them the Heart of the Workplace Award, Top Performer in Management Retention Award, Excellence in Retention Award, and Catalyst Award. Forbes named them One of America's Best Managed Companies, and Restaurant Hospitality Magazine named them Chain of the Year. They are proud of these accomplishments and believe when thousands of people embrace their responsibility to their neighborhoods, the results can be astounding.