Applebee’s NNN Restaurant
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For Sale
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3050 N 5th Street Hwy, Reading, PA 19605
Applebee’s occupies the property under a triple-net ground lease with more than five years remaining.
Property Size5,839 SF
Price / SF$352.97
Days on Market4
Property Features for 3050 N 5th Street Hwy
General Information
Standard status
Active
Size
5,839 SF
Property subtype
RETAIL
Site & Location
Traffic Count
26,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Forged Real Estate
Listed By:
Marco DiPrinzio · License #327764
(610) 608-2621
Source:
Moodyscre
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 2:24PM
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 Forged Real Estate
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Investment Insights
Based on property information with market context.
This 5,839-square-foot restaurant property in Reading, Pennsylvania, is leased to Applebee’s under a triple-net ground lease. The current lease dates to 2007 and has more than five years remaining, along with one five-year extension option that includes a 10% rent increase. The property is offered as a fee simple interest.
The restaurant fronts 5th Street Highway, which carries approximately 26,500 vehicles per day. The Warren Street Bypass is less than one mile away and carries approximately 69,800 vehicles per day. Within a five-mile radius, the trade area includes approximately 178,000 residents and 65,000 households.
The location is operated by The Rose Group, which runs 60 restaurants across several brands and has more than 40 years of operating experience.
The restaurant fronts 5th Street Highway, which carries approximately 26,500 vehicles per day. The Warren Street Bypass is less than one mile away and carries approximately 69,800 vehicles per day. Within a five-mile radius, the trade area includes approximately 178,000 residents and 65,000 households.
The location is operated by The Rose Group, which runs 60 restaurants across several brands and has more than 40 years of operating experience.
Key Highlights
- 5,839‑square‑foot restaurant leased to Applebee’s
- Triple‑net ground lease with more than five years remaining
- One five‑year option with a 10% rent increase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,103
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,060
$1.2M
Cap Rate 7%
$830,043
$830.0K
Cap Rate 9%
$645,589
$645.6K
Market Conditions
NOI Build-Up for 5,839 SF
Gross rent
$82.0K $14.04/SF
− Vacancy
−$4.5K −$0.77/SF
EGI
$77.5K $13.27/SF
− OpEx
−$19.4K −$3.32/SF
NOI
$58.1K $9.95/SF
Area
Berks County, PA
Vacancy
5.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,060
Cap Rate 7%
$830,043
Cap Rate 9%
$645,589
Alternative Uses
Best Use
Specialty Retail
$830.0K
$726.3K – $968.4K
NOI $58,103 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$958.5K
$838.7K – $1.12M
NOI $67,097 @ 7.0% cap · market cap 3.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
26,500 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 19605, PA
21,356
Population
8,100
Households
2.6
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
17.6 sq mi
ZIP Area
1,213
Density / Sq Mi
$85,775
Median Household Income
$45,578
Median Earnings
$1,310
Median Rent
$218,500
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 Northeast region
Frequently Asked Questions
What type of property is this?
NNN property - Applebee’s occupies the property under a triple-net ground lease with more than five years remaining.
Where is this nnn property located?
The property is located at 3050 N 5th Street Hwy Reading, PA.
What is the asking price?
The asking price for this property is $2,061,000.
What are key features of this property?
This property features: 5,839‑square‑foot restaurant leased to Applebee’s; Triple‑net ground lease with more than five years remaining; One five‑year option with a 10% rent increase
