INVESTMENT OFFERING
SAB Capital is pleased to present Applebee’s in Killeen, TX. It is an Absolute Triple Net Lease (NNN) with 10+ years remaining on the term that is guaranteed by a 50+ unit operator. The lease features a 10% rent increase in 2023 that provides a hedge against inflation, while the store boasts a strong rent to sales ratio. The property is strategically located on East Central Texas Expressway with exposure from Highway 190, which sees 100,000+ vehicles per day. The Killeen market features strong demographics trends, with the population growing over 16% within 5 miles of the subject since the 2010 census. Killeen is approximately 50 miles North of Austin and is near Fort Hood, the world’s most populous military installation in the world.
- Applebee’s in Killeen, TX | Near Fort Hood | The Most Populous U.S. Military Installation in the World
- Triple Net Lease (NNN) With 10+ Years Remaining | Zero Landlord Responsibilities
- Hedge Against Inflation | 10% Rent Increase in 2023
- Ideally Located on East Central Texas Expressway With Strong Visibility from Highway 190 | More Than 109,408 Vehicles Per Day (VPD) on Highway 190
- Strong Retail Corridor | More Than 1 Million SF of Retail Development Within a Mile | Subject is Adjacent to Aldi Anchored Shopping Center
- Strong Local Demographic | Over 16% Resident Increase Since 2010 Within a 5-Mile Radius
- Strong Store Sales | Among the Top Annual Revenue of All Texas Applebee’s
- Additional Retail in the Area Include: ALDI, Lowe’s, The Home Depot, In-N-Out, JCPenney, Best Buy and Many More
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
Applebee's | $4,500,000 | % | Triple Net | Closed |