Applebees's | 899 E Spring St
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Applebees's 899 E Spring St
5,500 SF Retail Building Signal Hill, CA 90755 $3,227,000 ($587/SF) 4.50% Cap Rate
Investment Highlights
- Strong National Tenant / Brand Recognition / Ranked #1 Applebee's in State of California & #6 in the US (placer)
- Long Term | Absolute Net Ground Lease | 9 Years Remaining | 10% Rental Escalations Every 5-Years in Base Term & Options
- Close Proximity to Long Beach International Airport (Under 1 Mile Away)
- Irreplaceable Southern California Urban Infill Location | High Barrier to Entry Market
- OutParcel to Power Center | Applebee's Fronts Home Depot, Ross, Petco & Dollar Tree; Other Co-Tenants Include: In-n-Out, Starbucks, And More
- Ease of Access to Major Traffic Drivers - Adjacent to Busiest Freeway in California I-405 (320,000 CPD+) | Attractive Freeway Signage
Executive Summary
Strong National Tenant / Brand Recognition / Ranked #1 Applebee's in State of California (placer)
Irreplaceable SoCal Urban Infill Location | High Barrier to Entry Market
Long Term | Absolute Net Ground Lease | 9 Years Remaining
10% Rental Escalations Every 5-Years in Base Term & Options
OutParcel to Power Center | Applebee's Fronts Home Depot, Ross, Petco & Dollar Tree; Other Co-Tenants Include: In-n-Out, Starbucks, Jack in the Box, T-Mobile & Bank of America
Close Proximity to Long Beach International Airport (Under 1 Mile Away)
Under Half of a Mile to Memorial Care Long Beach Medical Center | 453-Beds & Approx. 2,250 Employees
Ease of Access to Major Traffic Drives - Adjacent to Busiest Freeway in California I-405 (320,000 CPD+) | Attractive Freeway Signage
Unmatched Demographics | 271,500 Residents in a 3-Mile Radius | 13,000 Business w/ Over 100,000 Employees
Surrounded by Top Affluent Communities in Southern California, Including: Rancho Palos Verdes and Belmont Shore
Irreplaceable SoCal Urban Infill Location | High Barrier to Entry Market
Long Term | Absolute Net Ground Lease | 9 Years Remaining
10% Rental Escalations Every 5-Years in Base Term & Options
OutParcel to Power Center | Applebee's Fronts Home Depot, Ross, Petco & Dollar Tree; Other Co-Tenants Include: In-n-Out, Starbucks, Jack in the Box, T-Mobile & Bank of America
Close Proximity to Long Beach International Airport (Under 1 Mile Away)
Under Half of a Mile to Memorial Care Long Beach Medical Center | 453-Beds & Approx. 2,250 Employees
Ease of Access to Major Traffic Drives - Adjacent to Busiest Freeway in California I-405 (320,000 CPD+) | Attractive Freeway Signage
Unmatched Demographics | 271,500 Residents in a 3-Mile Radius | 13,000 Business w/ Over 100,000 Employees
Surrounded by Top Affluent Communities in Southern California, Including: Rancho Palos Verdes and Belmont Shore
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,500 SF
Building Class
B
Year Built
2013
Price
$3,227,000
Price Per SF
$587
Cap Rate
4.50%
NOI
$145,215
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.74 AC
Zoning
CG - Commercial General
Parking
35 Spaces (6.36 Spaces per 1,000 SF Leased)
Frontage
209 FT on Spring St
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 7207-024-028 | Improvements Assessment | $1,910,174 |
| Land Assessment | $2,196,700 | Total Assessment | $4,106,874 |
PROPERTY TAXES
Parcel Number
7207-024-028
Land Assessment
$2,196,700
Improvements Assessment
$1,910,174
Total Assessment
$4,106,874
Contacts
-
Deno Bistolarides -
Brent Hanna -
Nick Yaldo -
Encore Real Estate Investment Services
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Applebees's | 899 E Spring St
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