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ERG Sells Applebee's in Rogers, MN Triple Net Lease

ERG Property Advisors would like to announce the sale of Applebee's in Rogers, MN. The tenant has an absolute triple net lease for a 5,149 SF building located on an 80,468 SF lot. The property sold for $1,200,000 which represents a cap rate of 9.10%. Andrew Greenberg, Director of Investment Sales for ERG Property Advisors represented the buyer and Lisa Sickinger of Marcus.

 

 

About ERG Property Advisors
ERG Property Advisors is a full-service commercial real estate brokerage company based in New York City. Its core activities are investment sales, retail leasing, and strategic consulting. While focused on the broader New York City area as a company, ERG also offers specific market knowledge at the submarket level. Beyond core New York City properties, ERG has access to a vast network of NNN properties throughout the United States. In addition to assisting property owners and prospective buyers, ERG provides banks, appraisers, attorneys, and accountants with information and skill sets that support them in their respective roles.  Visit www.ergpa.com for recent deals and press coverage.

 



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