Freestanding Applebee’s
New
For Sale
Contact for pricing
1100 East 16th Street, 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 Market6
Property Features for 1100 East 16th Street
General Information
Standard status
Active
Size
4,605 SF
Lot size
1.06 Acres
Property subtype
Retail
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%
Building Details
Year Built
2001
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Robert Narchi · License #01324570
(310) 909-5426
Source:
Crexi
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 2:55PM
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 Marcus & Millichap - Los Angeles
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$165,567
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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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Open Analytics
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 East 16th Street 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
