Applebees Surprise Towne Center — Sale in Surprise, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Surprise, AZ 85374

Investment Figures

Cap rate
6.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

As one of the world’s largest casual dining brands, Applebee’s is a go-to dining destination in neighborhoods throughout the United States and abroad. Their guests know they can always count on Applebee's for a delicious and affordable meal, refreshing and fun drinks, and a come-as-you-are welcoming environment. RMH Holdings Inc operates 132 units in 14 states. The company provides world-class management services to some of America’s most popular restaurants. Surprise, Arizona is located just 28 miles northwest of downtown Phoenix. The City of Surprise sits at the foot of the White Tank Mountains and is currently home to over 100,000 residents. Investment Highlights: • Absolute Triple-Net (NNN) Lease with Annual Rental Increases • Located in Surprise Towne Center & Marketplace, a Major Retail Center Surrounded by National Tenants Including Walmart Supercenter, Target, The Home Depot, Michaels, Pet Smart, Kohl's, and More • Applebee's Operates 1,600 Plus Locations Worldwide • Easily Accessible by US Route 60 (67,800 Vehicles per Day), W Bell Road (48,020 Vehicles per Day), and Litchfield Rd (22,030 Vehicles per Day) • 225,970 Residents within a Five-Mile Radius in Growing Phoenix MSA Trade Area • Average Household Income Exceeds $90,000 Within the Surrounding Area • Daytime Population Exceeds 182,900 within a Five-Mile Radius of the Subject Property

Market Context

This retail in Surprise, AZ is listed for sale. It is offered at an approximate 6.8% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 85 days. Compare it against other retail listings for sale in Surprise, AZ — view the full market.

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