Published on: Tuesday, November 5, 2024
Updated on: Tuesday, November 5, 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
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  Prime Applebee’s Investment
3899 El Mercado Loop Sierra Vista Arizona , 85635
3899 El Mercado Loop Sierra Vista Arizona , 85635  Echo West Capital Advisors
Listing ID: CL-Arizona-12701

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 6.5
Net Operating Income: $150,000.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Arizona-12701
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 2003
Building Size: 5,100.00 SqFt
Lot Size: 5,100.00 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
Attached Documents
  • Download | Applebee's Updated OM - 6.50% CAP.pdf ( 10,792.47KB)
Listing Summary
This Applebee’s investment offers 9 years of remaining lease term with 10% rent increases every five years, including a bump in 2028, providing steady, low-risk cash flow.
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 Applebee’s investment offers 9 years of remaining lease term with 10% rent increases every five years, including a bump in 2028, providing steady, low-risk cash flow. With over 20 years at this location and a recent 10-year lease extension, Applebee’s demonstrates strong commitment to this high-traffic site near The Mall at Sierra Vista. Operated by RMH Franchise, the second-largest Applebee’s franchisee, this absolute NNN lease guarantees a hands-off investment. Located at a busy intersection with 34,000+ daily vehicles, this 5,100 SF building benefits from excellent visibility in Sierra Vista, an affluent, growing market in Southern Arizona.
Additional Properties
Property Tenants
  • Applebee's
  • 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.
  • Heavily Trafficked Intersection
  • The Sierra Vista restaurant location has historically been a high performing site for Applebee’s posting a better than a 6% rent-to-sales year-over-year. Inquire with broker for further details on site-level revenues.
Property Highlights
  • Applebee’s has successfully operated out of this location for over 20 years and recently extended their lease for an additional 10 years, demonstrating long-term commitment to the site.
  • Applebee’s is located as a prominent out-parcel to a 400,000+ SF enclosed mall with over 50 major retailers and brands. Additionally, the area is surrounded by numerous major, high-traffic retailers such as The Home Depot, Lowe’s, Fry’s, Walmart Supercent
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