Listing Summary
Single-tenant Applebee's Absolute NNN for sale in Roseville, MI ($3,680,000). 6.25% cap rate, $230,000 NOI, freestanding 6,091 SF building on 1.46 acres
Full Description
Single-Tenant Applebee's Grill + Bar | Absolute NNN Lease | Roseville, MI
An exceptional net-lease commercial real estate investment opportunity featuring a freestanding 6,091-square-foot casual dining restaurant in Roseville, Michigan. Offered at $3,680,000, this asset delivers a attractive 6.25% cap rate producing $230,000 in annual Net Operating Income (NOI). Positioned on an expansive 1.46-acre parcel, the property is 100% single-tenant occupied by Applebee's Grill + Bar under an Absolute NNN lease structure with built-in rent escalations and zero landlord management duties.
Property Specifications & Financial Overview
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Purchase Price: $3,680,000
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Cap Rate: 6.25%
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Annual Net Operating Income (NOI): $230,000
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Building Size: 6,091 Net Rentable SF
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Lot Size: 1.46 Acres (63,597 SF)
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Property Type: Freestanding Retail / Casual Dining Restaurant & Bar
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Year Built: 1995 (Modern retail design with continuous tenant maintenance)
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Zoning: B-3 General Business District (Supports extensive commercial, retail, and food service applications)
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Occupancy: 100% Single-Tenant
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Tenant / Brand: Applebee's Grill + Bar
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Tenant Credit: Experienced Multi-Unit Franchisee
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Lease Structure: Absolute NNN (Zero Landlord Responsibilities)
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Primary Term Expiration: June 12, 2028 (~1.8 Years Remaining Term)
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Rent Escalations: Contractual Rent Bumps Included
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Renewal Options: Four (4) Additional 5-Year Renewal Options
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Ownership: Fee Simple
Zero Landlord Obligations & Established Brand Power
Applebee's Grill + Bar is one of the world's largest casual dining brands, operating over 1,500 locations nationwide. This investment provides hands-off, passive income backed by strong site fundamentals:
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100% Passive Absolute NNN Terms: The tenant is fully responsible for all operational property costs—including real estate taxes, building insurance, common area maintenance (CAM), roof maintenance, structural repairs, HVAC upkeep, and parking lot repair—eliminating capital expenditure risk for the investor.
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Inflation Protection: Features contractual rent bumps during the primary term and option periods, ensuring steady income growth and preserving long-term yield.
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Long-Standing Operating Site: Built in 1995 specifically for restaurant operations, the site has decades of established local awareness and a loyal surrounding customer base.
Strategic Hard-Corner Commercial Positioning in Roseville
Situated in the heart of Roseville—one of Metro Detroit’s primary Eastside retail hubs—the property benefits from high daily vehicular traffic, excellent access, and surrounding trade density:
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Substantial 1.46-Acre Footprint: The spacious parcel accommodates high customer vehicle volume with a high-ratio parking lot, efficient delivery circulation, and smooth ingress/egress.
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Prime Commercial Corridor: Surrounded by high-volume national retailers, automotive dealerships, shopping centers, and quick-service dining concepts that drive continuous cross-shopping traffic.
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Flexible B-3 Zoning: Provides outstanding long-term real estate utility and flexibility for future retail, service, or dining applications.
Key Investment Highlights
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Single-Tenant Absolute NNN Lease Structure delivering 100% passive income with zero landlord obligations.
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Attractive 6.25% Going-In Cap Rate generating $230,000 in annual Net Operating Income.
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Freestanding 6,091 SF Restaurant Facility situated on an expansive 1.46-acre commercial lot.
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Four 5-Year Renewal Options with built-in rent bumps to support long-term revenue growth.
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Flexible B-3 Commercial Zoning in the heart of a high-density Roseville trade area.
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Proven Restaurant Location with decades of continuous operation and established local customer draw.
Quick Glance
- Listing ID:
CL-Michigan-28391
- Status:
Active
- Year Build:
1995
- Building Size:
6,091 SqFt
- Lot Size:
1.46 Acr
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