2725 Market St
Warren, PA 16365

Applebee's | PRICE REDUCED | Abs NNN Ground Lease SRS National Net Lease Group is pleased to present the rare opportunity to acquire Applebee' s, an absolute NNN ground leased, investment property located in Warren, Pennsylvania. The tenant, Applebee' s, has approximately 6 years remaining in the primary lease term with 2 (5-year) option periods. The lease features a $5,000 rental increases every 5 years throughout the initial term and in the first option period. The next increase happens in November 2017. The lease is absolute NNN ground with zero landlord responsibilities and is guaranteed by the franchisee, Scott Enterprises. The subject site is located along Market Street, near the signalized, intersection of Market Street and Jackson Run Road (15,700 VPD). The asset has excellent visibility & access being located as an outparcel of Warren Commons Shopping Center. Warren Commons is anchored by Walmart and Lowe' s Home Improvement. The center consists of 371,881 SF, approximately 22 stores including Dollar Tree, GameStop, Burger King, Maurices, and Verizon Wireless and was opened in 2006. Other national/credit tenants in the area include Sheetz, ALDI, PNC Bank, and Tractor Supply Co. Applebee' s benefits from its close proximity to the surrounding tenants, as they drive increased consumer traffic to the trade area.