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Winter Haven, FL - Applebee's

$4,827,000

201 Cypress Gardens Boulevard, Wahneta, FL 33880

Active
Last Updated: 06/18/2025

6.5

Cap Rate

316,033

NOI

Details:
Cap Rate:    6.5%
NOI:    $316,033
Building Size:    5,052 sqft
Lot Area:    1.55 acres
Year Built:    1999
Zoning:    C-3: Commercial Highway
Year Last Renovated:    2004
Description:

• 8+ years remaining with 6 (5-year) option periods to extend
• The lease features 1% rental increases annually throughout the initial term and each option period
• The lease is guaranteed by Neighborhood Restaurant Partners, a 100+ unit franchisee
• Applebee’s franchise operations consisted of 1,567 Applebee’s restaurants in the United States and 47 company-operated U.S restaurants as of December 29, 2024

• The subject property is located adjacent to Colonial Promenade Shopping Mall, a 75,000+ square foot Walmart anchored Shopping Center with other national/credit tenants including a Subway, Olive Garden, KFC, Panda Express
• The Applebee’s is located in the primary retail corridor with many national/credit tenants including Chick-fil-A, Costco, Outback Steakhouse, Taco Bell, Starbucks, Dutch Bros Coffee, and many more
• Strong tenant synergy promotes crossover shopping to the subject property

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