610 N Bluff Rd - Restaurant FOR SALE
Collinsville, IL 62234 |
$2,500,000 USD
214-382-4681
610 N Bluff Rd
Collinsville, IL 62234
HIGHLIGHTS
- Absolute NNN lease – zero landlord responsibilities for a truly passive investment.
- 10% rental increases every 5 years, hedging against inflation and growing cash flow.
- Applebee's, subsidiary of Dine Brands Global (NYSE: DIN), with ±1,600 locations.
- Located on N Bluff Rd (±24,987 VPD) near U.S. Route 66 (±48,000 VPD).
- Near retail corridor anchored by Walmart and Home Depot with national retailers.
- 5-mile population of ±56,351 with average household income of $108,767.
FOR SALE DETAILS
PRICE
$2,500,000 USD
PRICE/SF
$420 USD /SF
CAP RATE
8.91%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Applebee’s
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.38 AC
LAND SF
60,113 SF
ZONING
B-4-Commercial
APN/PARCEL ID
13-1-21-29-07-201-001
ASK ABOUT THIS PROPERTY
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214-382-4681
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214-382-4681
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