Net Leased Restaurant
For Sale
Contact for pricing
1202 N Washington St, Papillion, NE 68046
Freestanding Applebee’s offered on an absolute NNN lease with roughly 16.5 years remaining.
Property Size5,014 SF
Lot Size1.38 Acres
Days on Market121
Property Features for 1202 N Washington St
General Information
Standard status
Active
Size
5,014 SF
Lot size
1.38 Acres
Property subtype
Retail
Lease Type
NNN
Additional Details
Lease Term
198 months
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 12:05PM
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 net lease offering structured as an absolute (NNN) lease. The property includes approximately 5,014 rentable square feet of building space on an estimated 1.38-acre parcel. The lease has approximately 16.5 years of term remaining, and current annual rent is $129,790. Rent is scheduled to increase by 1.5% annually starting in year 7 and continuing into each of the four (4), five-year renewal options.
The restaurant is located at 1202 N Washington St in Papillion, Nebraska.
The restaurant is located at 1202 N Washington St in Papillion, Nebraska.
Key Highlights
- Freestanding Applebee’s at 1202 N. Washington St, Papillion, NE on an estimated 1.38‑acre parcel
- Approximately 5,014 rentable SF building space offered on an absolute (NNN) net lease
- Absolute (NNN) lease has approximately 16.5 years of term remaining
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
103k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 92%
Shops & Services 8%
Target
Superstores
93,924 visits/mo
0.5 miles
Shell
Shops & Services
8,588 visits/mo
0.2 miles
Demographics for 68046, NE
32,242
Population
12,849
Households
2.5
Avg Household Size
36
Median Age
50%
College-Educated
97%
High-School Grad
28.0 sq mi
ZIP Area
1,152
Density / Sq Mi
$113,708
Median Household Income
$57,767
Median Earnings
$1,252
Median Rent
$331,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding Applebee’s offered on an absolute NNN lease with roughly 16.5 years remaining.
Where is this nnn property located?
The property is located at 1202 N Washington St Papillion, NE.
What are key features of this property?
This property features: Freestanding Applebee’s at 1202 N. Washington St, Papillion, NE on an estimated 1.38‑acre parcel; Approximately 5,014 rentable SF building space offered on an absolute (NNN) net lease; Absolute (NNN) lease has approximately 16.5 years of term remaining
