Located in the midst of mature retail development, a free-standing Applebee’s restaurant located in Rochester, Minnesota, sold for $4.3 million. Both the buyer and seller were represented by the team at Northstar. The sale was recently featured by REJournals.
The 5,156-square foot building boasted a recently remodeled interior and exterior, with a great location adjacent to the IBM corporate campus as well as a shopping center anchored by Super Target and Home Depot. With 11 years remaining on an absolute NNN lease, this Applebee’s was sold just over asking price.
Read about the sale of the Applebee’s restaurant located in Rochester.