181 Norfleet Dr
Senatobia, MS 38668

Tiktin Real Estate Investment Services is pleased to present Applebee' s Restaurant located at 181 Norfleet Drive, Senatobia, Mississippi. This property consist of a 4,964 square-foot Applebee' s Restaurant built in 2013 and situated on 1.24 Acres. At the close of escrow, seller will sign a 10 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 set at $110,000 per year. This newly constructed Applebee' s is surrounded by national retailers including Fred' s, Walmart, Popeyes, and Subway. This Applebee' s is located directly along Interstate 55 which is a main artery heading into downtown Memphis. The opportunity is just off the corner of Main Street and Norfleet Drive which experiences combined traffic counts in excess of 26,000 vehicles per day. Additionally, this opportunity is situated across the street from the Northoak Regional Medical Center.