Applebee’s | Mansfield, OH
Sands Investment Group is Pleased to Present For Sale the 5,431 SF Applebee’s Absolute NNN Property Located at 1023 N Lexington-Springmill Road in Mansfield, Ohio. This Deal Includes a Absolute Triple Net (NNN) Property With Zero Landlord Responsibilities. This Deal is Also Part of a 3-Unit Applebee’s Portfolio Investment Opportunity That Can Be Sold Individually or as a Portfolio.
- Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- 2 Years Remaining on a Value-Add Opportunity Through the Lease Extension
- 7.5% Increases Every 5 Years With the Next Rent Increase Being in Less Than 2 Years
- Apple American Group is the Largest Applebee’s Franchisee in the Nation
- Long-Term Operating History; Tenant Has Been at This Site Since 1994
- Easily Adaptable Building Which Allows For Several Alternative Uses
- Property Sits on a Large Lot of 1.61 AC
- Signalized Hard Corner Location
- Close Proximity to OSU at Mansfield and the Richland County Fairgrounds
- Located Directly Off of the U.S. Route 30 Which Sees Over 35,000 VPD
In Cooperation With ParaSell, Inc., A Licensed Ohio and Minnesota Broker OH Lic. # REC.2020005946 – BoR: Scott Reid Lic. # BRKP.2020001224 MN Lic. # 40685007 – BoR: Scott Reid In Cooperation With Sands Investment Group Indiana, LLC IN Lic. # RC52000211 – BoR: Andrew Ackerman IN Lic. # RB20001918
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