Triple-Net Leased
For Sale
Contact for pricing
116 S Roosevelt Ave, Burlington, IA 52601
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 Market121
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
Changed: Aug 8
Last 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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
149k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Groceries 16%
Shops & Services 7%
Home Improvements & Furnishings 2%
Aldi
Groceries
23,204 visits/mo
0.4 miles
Wendy's
Dining
19,833 visits/mo
0.2 miles
Arby's
Dining
13,508 visits/mo
0.2 miles
Starbucks
Dining
12,476 visits/mo
0.4 miles
Burger King
Dining
10,608 visits/mo
0.1 miles
Demographics for 52601, IA
27,899
Population
14,107
Households
2
Avg Household Size
43
Median Age
24%
College-Educated
94%
High-School Grad
109.3 sq mi
ZIP Area
255
Density / Sq Mi
$57,123
Median Household Income
$35,594
Median Earnings
$921
Median Rent
$125,500
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?
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
