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Saturday, February 1, 2014

Applebee"s Ground Lease




 Listing Applebee’s Ground Lease
Price:$1,800,218
Status:New

Newly constructed 20-year Applebee’s ground lease.


>Pad to a newly constructed Wal-Mart Supercenter at the Gateway Shopping Center; additional pads include a newly constructed Arby’ s, Verizon, Furnish 123, and Jersey Mike’ s Subs

>A 16,000 square foot University Hospital Prompt Care facility is scheduled to be completed in May 2014 in the Gateway Shopping Center

>Directly next to the subject property is the Center for Primary Care, which opened in 2013

>Residential Construction across from the Gateway Shopping Center: Riverstone Apartments is currently under construction on Phase I, which consists of 50-60 residential units on the 39 acre parcel. There is potential to build 300 apartment units

>Located within 1 mile is the John Deere Commercial & Consumer Equipment Factory


Applebee"s Ground Lease

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