Triple-Net Leased
116 S Roosevelt Ave Burlington, IA 52601
116 S Roosevelt Ave, Burlington, IA, 52601
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For Sale
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Applebee’s offering a new 15-year NNN lease with scheduled rent increases every five years.
Property Size6,131 SF
Lot Size1.50 Acres
Days on Market101
Property Features for 116 S Roosevelt Ave
General Information
- Standard status
- Active
- Size
- 6,131 SF
- Lot size
- 1.50 Acres
- Property subtype
- Retail
Listing agency
SURMOUNT
(332) 345-4222
Listed by
Glen Kunofsky · License #NY 49KU1129178
Source
Crexi
Added: Apr 12 Updated: Jul 21 at 6:20PM Checked: Jul 21 at 6:20PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
Marcus & Millichap presents an Applebee’s restaurant property for sale at 116 S Roosevelt Ave in Burlington, Iowa. The site includes approximately 6,131 rentable square feet of building space on an estimated 1.50-acre parcel. The property is subject to a new 15-year triple-net (NNN) lease commencing May 1, 2022.
The starting rent is $156,000, with scheduled increases of 5.00% every five years throughout the base term. The lease structure and remaining term create a stabilized, long-duration income profile for investors seeking a single-tenant NNN restaurant asset.
The starting rent is $156,000, with scheduled increases of 5.00% every five years throughout the base term. The lease structure and remaining term create a stabilized, long-duration income profile for investors seeking a single-tenant NNN restaurant asset.
Key Highlights
- Applebee’s at 116 South Roosevelt Ave in Burlington, Iowa
- 6,131 rentable SF building on an estimated 1.50‑acre parcel
- New 15‑year triple‑net (NNN) lease commencing May 1, 2022
Property Analytics
Location Intelligence
Current Use by Public Records
Applebee's Grill + Bar
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Applebee’s offering a new 15-year NNN lease with scheduled rent increases every five years.
Where is this conventional restaurant located?
The property is located at 116 S Roosevelt Ave Burlington, IA.
What are key features of this property?
This property features: Applebee’s at 116 South Roosevelt Ave in Burlington, Iowa; 6,131 rentable SF building on an estimated 1.50‑acre parcel; New 15‑year triple‑net (NNN) lease commencing May 1, 2022
