Applebee’s

Agent Info

Matt Weber

248.702.0285
mweber@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

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Offering Information

2225 North Oak Road
Plymouth, IN 46563

  • Price: $2,100,000
  • Cap. Rate: 9.42%
  • NOI: $197,836
  • Building Size: 4,614SF
  • Lot Size: 1.26 AC

Investment Highlights

  • 7+ Years on Triple Net Lease ‐ Zero Management Responsibilities
  • RHM Franchise Corporation ‐ Second Largest Applebee’s Franchisee ‐ 174 Units
  • Outparcel to Walmart
  • Applebee’s Has Occupied the Site Since 2004
  • 5 Mile Population Surrounding the Investment Property Exceeds 18,500
  • Average Household Income Within 5 Miles ‐ $57,000
  • The Subject Property is Located in a Strong Retail Corridor with Multiple Surrounding National Tenants Including Walmart, Dollar Tree, JC Penny, Lowe’s Wendy’s, Aldi, Tractor Supply, MC Sports, Amongst Others