181 Norfleet Dr
Senatobia, MS 38668

Tiktin Real Estate Investment Services is pleased to present this Applebee’s restaurant located at 181 Norfleet Drive in Senatobia, Mississippi. The restaurant was built in 2013 and has operated as an Applebee’s since being constructed. This 4,964 SF building sits on a 1.24 acre lot. At the close of escrow, the seller will sign a 15 year Triple Net (NNN) lease. The lease will provide for zero landlord responsibilities, 10 percent increases every 5 years and four, 5-year options. Annual rent will be initially set at $99,848 per year. This property offers direct frontage, signage, and access along Norfleet Drive (SR-4) as well as having visibility and signage along I-55, which has traffic counts in excess of 32,000 vehicles per day. Norfleet Drive is a main retail corridor in Senatobia and experiences traffic counts in excess of 12,000 vehicles per day. This Applebee’s is less than one mile from the on ramp for I-55, which is the interstate highway connecting Senatobia to Memphis, Tennessee towards the north and down to Jackson, Mississippi and New Orleans, Louisiana to the south. This newly constructed Applebee’s is surrounded by national retailers, which include McDonald’s, Pizza Hut, Aaron’s, and Taco Bell.