Published on: Tuesday, September 3, 2024
Updated on: Tuesday, September 3, 2024
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About the Lister
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Name: Tim Westfall
Company: Echo West Capital Advisors
Office Phone: 602.628.6298
Cell Phone: 602.628.6298
Provide Your Service
Financing  Business  Material
  Applebee's
3899 El Mercado Loop Sierra Vista Arizona , 85635
3899 El Mercado Loop Sierra Vista Arizona                                                                                             , 85635 Echo West Capital Advisors
Listing ID: CL-Arizona-11679

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 6.25
Net Operating Income: $150,000
Commission Split (%): 0
Quick Glance
Listing ID: CL-Arizona-11679
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 2003
Building Size: 5,100 SqFt
Lot Size: 5,100 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Listing Summary
This property offers a secure, hands-off investment with over 9 years remaining on an Absolute NNN lease, including 10% rental increases every 5 years.
Complete Details
Year Build: 2003
Building Size: 5,100 SqFt.
No of Stories: 1
Total Lot Area: 5100 SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
This property offers a secure, hands-off investment with over 9 years remaining on an Absolute NNN lease, including 10% rental increases every 5 years. Applebee’s has operated at this location for over 20 years and recently extended their lease for another decade, signaling long-term commitment. Backed by RMH Franchise, the second-largest Applebee’s franchisee with 132 locations, this property benefits from its prime location adjacent to The Mall at Sierra Vista, a 400,000+ SF retail hub. Situated on a heavily trafficked intersection with 34,000 vehicles passing daily, the 5,100 SF building enjoys excellent visibility on a 1.79-acre parcel. Located in Sierra Vista, the largest city in Southeastern Arizona, the property is surrounded by major retailers and boasts strong demographics, with over 50,000 residents within 5 miles and an average household income exceeding $80,000. Historically a high-performing site for Applebee’s, this location offers stable, long-term cash flow with strong operating metrics.
Additional Properties
Property Tenants
  • Brand/Tenant Applebee's
  • Lease Term 30 years
Property Highlights
  • Offering features 9+ years of firm term remaining with 10% increases every 5 years including an upcoming rental bump in 2028, which provides the prospective investor with long-term, low risk cash flow.
  • Offering features a truly passive absolute NNN lease structure with zero landlord responsibilities, making this an ideal, hands-off investment for any future owner.
Listing Location
Attached Documents
  • Download | Applebee's Final OM.pdf ( 10,741.15KB)
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