Freestanding Applebee’s
For Sale
$2,689,764
1100 E 16th St, Yuma, AZ 85365
The restaurant is leased on an NNN basis, with scheduled rent increases and three five-year renewal options.
Property Size4,605 SF
Lot Size1.06 Acres
Price / SF$584.10
Days on Market11
Property Features for 1100 E 16th St
General Information
Standard status
Active
Size
4,605 SF
Lot size
1.06 Acres
Property subtype
Restaurant
Lease Type
NNN
Net Operating Income
$170,400
Site & Location
Traffic Count
39,197 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.34%
Amenities
NNN Lease with Zero Landlord Responsibilities Through March 2041, ±15 Years Remaining
Three (3) Five-Year Renewal Options Extending Potential Occupancy Through 2056
Scheduled 10% Rent Increases Every Five Years for Consistent Built-In Income Growth
Lease Backed by an Experienced 22-Unit Applebee's Franchisee
Very Low Rent-to-Sales Ratio Supporting Tenant Affordability and Long-Term Sustainability
East 16th Street Frontage (±39,197 VPD) Near Interstate 8 (±27,635 VPD)
Immediate Neighbors Include McDonald's, Carl's Jr., and ampm, Near Yuma Palms Regional Center
Yuma MSA Population of 221,669, Named 4th Most Affordable City to Buy a Home in the U.S. (WalletHub, 2026)
Building Details
Building Size
4,605 SF
Year Built
2001
Listed By:
Rob Narchi · License #License(s): CA: 01788517, CA: 01324570
(310) 909-5426
Source:
Marcusmillichap
Added: Sep 26
Changed: Oct 1
Last Checked: Oct 5 at 3:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rob Narchi
Investment Insights
Based on property information with market context.
The freestanding Applebee’s Grill + Bar in Yuma occupies approximately 4,605 square feet on a 1.06-acre site. Built in 2001, the restaurant is leased on an NNN basis with no landlord responsibilities. The current term runs from April 1, 2026, through March 31, 2041, and includes three five-year renewal options. Scheduled rent increases are 10% every five years, and the lease reflects a 6.34% cap rate. The tenant is backed by an Applebee’s franchisee operating 22 units.
The property fronts East 16th Street, where reported traffic is approximately 39,197 vehicles per day, and is near Interstate 8, with approximately 27,635 vehicles per day. Nearby businesses include McDonald’s, Carl’s Jr., and ampm. Yuma Palms Regional Center is also accessible from the site.
The property fronts East 16th Street, where reported traffic is approximately 39,197 vehicles per day, and is near Interstate 8, with approximately 27,635 vehicles per day. Nearby businesses include McDonald’s, Carl’s Jr., and ampm. Yuma Palms Regional Center is also accessible from the site.
Key Highlights
- Freestanding 4,605‑square‑foot restaurant on 1.06 acres; built in 2001
- NNN lease term runs April 1, 2026, through March 31, 2041, with three five‑year renewal options
- Rent increases 10% every five years; lease reflects a 6.34% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,567
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,311,340
$3.3M
Cap Rate 7%
$2,365,243
$2.4M
Cap Rate 9%
$1,839,633
$1.8M
Market Conditions
NOI Build-Up for 4,605 SF
Gross rent
$230.4K $50.04/SF
− Vacancy
−$9.7K −$2.10/SF
EGI
$220.8K $47.94/SF
− OpEx
−$55.2K −$11.98/SF
NOI
$165.6K $35.95/SF
Area
Yuma County, AZ
Vacancy
4.20%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,311,340
Cap Rate 7%
$2,365,243
Cap Rate 9%
$1,839,633
Alternative Uses
Best Use
Specialty Retail
$2.37M
$2.07M – $2.76M
NOI $165,567 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
39,197 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
769k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 21%
Apparel 18%
Superstores 13%
Target
Superstores
98,208 visits/mo
0.5 miles
In-N-Out Burger
Dining
59,841 visits/mo
0.5 miles
Chick-fil-A
Dining
49,156 visits/mo
0.4 miles
Kohl's
Apparel
47,192 visits/mo
0.3 miles
JCPenney
Apparel
42,690 visits/mo
0.5 miles
Demographics for 85365, AZ
50,166
Population
26,353
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
87%
High-School Grad
1,349.0 sq mi
ZIP Area
37
Density / Sq Mi
$68,358
Median Household Income
$40,107
Median Earnings
$1,259
Median Rent
$189,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The restaurant is leased on an NNN basis, with scheduled rent increases and three five-year renewal options.
Where is this conventional restaurant located?
The property is located at 1100 E 16th St Yuma, AZ.
What is the asking price?
The asking price for this property is $2,689,764.
What are key features of this property?
This property features: Freestanding 4,605‑square‑foot restaurant on 1.06 acres; built in 2001; NNN lease term runs April 1, 2026, through March 31, 2041, with three five‑year renewal options; Rent increases 10% every five years; lease reflects a 6.34% cap rate
