Applebee's Cheyenne — Sale in Cheyenne, WY

  • Price: $4M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Cheyenne, WY 82009

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Description

A SINGLE-TENANT, NET-LEASE INVESTMENT AT A SIGNALIZED INTERSECTION IN A TAX-FREE STATE CBRE is pleased offer the opportunity to purchase a single-tenant building 100% leased to Applebee’s. (the “Offering” or “The Property”). The offering features an absolute triple-net lease with an existing expiration date of December 2032, inclusive of four (4) five-year renewal options and contractual rent increases throughout both the initial term and option periods. Flynn Group, the world’s largest Applebee’s franchisee with 460 locations across 25 states, recently took over this location as the franchisee and lease guarantor. The 5,685-square-foot freestanding retail facility was constructed in 1992, with Applebee’s occupying the site since its inception.

Market Context

This retail in Cheyenne, WY is listed for sale at $3,956,000. Compare it against other retail listings for sale in Cheyenne, WY — view the full market.

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