Loan amount
$2,100,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$4,000,000
{PP:$2,100,000}
LTV
53%
{LTV}
Property type
Restaurant/Entertainment
Borrower Details
Credit score
650
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Kenosha
State
Wisconsin
Loan Details
Purchase price
$2,100,000
Down payment
$0
Additional Loan Information
20 Year Triple Net (NNN) Lease with Zero Landlord Responsibilities | Management Free Real Estate Income
Attractive Rental Increases | 1.50% Annually
Four (4) Tenant Renewals Periods of Five (5) Years Each
Successful Applebee’s Operator of 40+ Units | Experienced Operator ensures safety and security of the brand
Low Rent to Sales Ratio | Demonstrates Tenant’s Ability to Pay Rent Healthily, Continue with Restaurant Operations, and Push for Growth in New Stores.
Traffic Exceeding: 36,000 Cars Per Day | High Traffic Counts indicates healthy business
Neighboring Tenants: Menards, Bed Bath & Beyond, Kohls, Hobby Lobby, OfficeMax, Petco, iHop, Panera Bread, Chili’s Grill & Bar, Cold Stone, McDonalds, Taco Bell, and several more.
Attractive Rental Increases | 1.50% Annually
Four (4) Tenant Renewals Periods of Five (5) Years Each
Successful Applebee’s Operator of 40+ Units | Experienced Operator ensures safety and security of the brand
Low Rent to Sales Ratio | Demonstrates Tenant’s Ability to Pay Rent Healthily, Continue with Restaurant Operations, and Push for Growth in New Stores.
Traffic Exceeding: 36,000 Cars Per Day | High Traffic Counts indicates healthy business
Neighboring Tenants: Menards, Bed Bath & Beyond, Kohls, Hobby Lobby, OfficeMax, Petco, iHop, Panera Bread, Chili’s Grill & Bar, Cold Stone, McDonalds, Taco Bell, and several more.
Status
Open
Created
July 18, 2021 - 5:21pm
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