NNN Pro Group is pleased to present the exclusive listing for an Applebee’s located at 2445 Mall Blvd, Kennesaw, GA 30144. The site consists of roughly 4,051 rentable square feet of building space on estimated 0.94-acre parcel of land. This Applebee’s is subject to an ±8-year absolute triple-net (NNN) lease, which commenced October 13th, 2011. The current annual rent is $219,655 and is scheduled to increase by One and a Quarter Percent (1.25%) every year throughout the base term and in each of the 6, 5-year renewal options.
About the Investment:
✓ ±8-Years Remaining on an Absolute Triple Net (NNN) Lease
✓ One and a Quarter Percent (1.25%) Annual Increases in Rent Throughout Base Term Continuing into Option Periods
✓ Six (6) – Five (5) Year Tenant Renewal Option Periods
✓ Franchise Guarantee from Neighborhood Restaurant Partners, an Operator of 110+ Applebee’s Locations (Guarantee Backed by 43 Strong Performing Stores)
