Property Details

Applebee’s

Frederick, MD
Property ID: 8246

Financial Summary

Asking Price $2,986,741
Cap Rate 6.75%
Net Operating Income (NOI) $201,605
Lease Type NNN
Lease Term Remaining 10+ Years
The Offering Memorandum for this property is no longer available.

Contact

Rick Fernandez
Senior Managing Director
703.787.4732

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Highlights

  • Outparcel location at entrance to 755,000 SF, 94% occupied Francis Scott Key Mall with anchor retailers like JCPenney, Macy’s, Sears, DSW, Ethan Allen, and Dick’s Sporting Goods
  • 10+ years remain on a 20-year lease, plus 20 years of options
  • Strong sales and local 67-unit franchisee
  • The sixth largest franchisee in the Applebee’s system
  • Located in dense retail trade area, just off I-70 (91,000 VPD) and I-270 (110,000 VPD)
  • On main commuter route with 19,240 VPD

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

5613 Spectrum Dr
Frederick, MD

Traci BidingerApplebee’s