3899 El Mercado Loop Sierra Vista, AZ 85635-5211

Property Details for 3899 El Mercado Loop

Year built

2003

Construction

STEEL FRAME

Property size

4,936 SF

Property type

Commercial real estate

APN

105-16-041C

APU

10516041C

Description

This exceptional investment opportunity presents a fee-simple, absolute NNN ground lease for an Applebee's restaurant in Sierra Vista, Arizona. Located on a 1.79-acre lot at a high-traffic intersection (over 34,000 vehicles daily), this 5,100 square foot building boasts prime visibility on AZ Route 92. The property benefits from a 30-year lease (expiring 09/30/2033), with nine years remaining and a 10-year option. The lease includes rent bumps, with a significant increase scheduled for 2028. The tenant, RMH Franchise, is the second-largest Applebee's franchisee, operating 132 locations. The property's strong location, adjacent to The Mall at Sierra Vista and near major retailers, ensures consistent traffic and high visibility. The property's NOI is $150,000, with a 6.50% cap rate and an asking price of $2,307,692 ($452.49/sq ft). Built in 2003, this single-story building offers a passive investment opportunity with minimal landlord responsibilities, backed by a financially stable and experienced franchisee in a growing market with strong demographics (average household income exceeding $80,000 within a 5-mile radius). The property's historical performance demonstrates consistent profitability, making it an attractive investment for long-term growth. This is a truly passive, hands-off investment opportunity with significant upside potential.

Location Insight

City

Sierra Vista

County

Cochise

State

Arizona

Longitude

-110.258

Latitude

31.5323

CBSA code

43420

CBSA name

SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments