Applebee's - Altus, OK | 3501 N Main St
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Applebee's - Altus, OK 3501 N Main St
4,854 SF Retail Building Altus, OK 73521 $1,713,315 ($353/SF) 6.75% Cap Rate
Investment Highlights
- 7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Strong Guarantee From RMH Franchise Holdings - Currently Operating Over 130 Restaurants Across 14 States
- Strategically Located Directly on Highway 283, a Major North and South Interstate
- Annual Rent Increases Providing a Healthy Hedge Against Inflation
- Very Healthy Rent-to-Sales Ratio, Providing a Safe Long Term Investment
- Adjacent to Western Oklahoma State College - Enrollment of Over 2,500 Students
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,854 SF Applebee's Located at 3501 North Main Street in Altus, OK. This Deal Includes 7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities and Annual Rent Increases Providing a Strong Hedge Against Inflation. This Location Has a Healthy Rent to Sales Ratio Featuring a Guarantee From RMH Franchise Holdings With Over 130 Restaurants Across 14 States. With a Healthy Rent to Sales Ratio, Rare Annual Increases & Triple Net (NNN) Lease, This Asset Offers an Attractive Opportunity For an Investor.
In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754
In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,854 SF
Building Class
B
Year Built
2005
Price
$1,713,315
Price Per SF
$353
Cap Rate
6.75%
NOI
$115,648
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.83 AC
Frontage
249 FT on N Main St
Amenities
- Pylon Sign
- Restaurant
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Applebee’s
- Accommodation and Food Services
- 4,854 SF
- $23.83
- Triple Net
- Dec 2032
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Applebee’s | Accommodation and Food Services | 4,854 SF | $23.83 | Triple Net | Dec 2032 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $87,786 | |
| Land Assessment | $40,121 | Total Assessment | $127,907 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$40,121
Improvements Assessment
$87,786
Total Assessment
$127,907
Contacts
-
Jordan Mulloy -
Daniel Hoogesteger -
Max Freedman -
Sands Investment Group Austin, LLC
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Applebee's - Altus, OK | 3501 N Main St
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