Map of Property

Applebee's (Don Chuy's Sublease)

For Sale

701 SE Melody Ln, Lees Summit, MO 64063

This Lees Summit property for sale is located at 701 SE Melody Ln. The general use of Applebee's (Don Chuy's Sublease) is retail and it incorporates 4,560 square feet of class C retail space. The current listed sale price for Applebee's (Don Chuy's Sublease) is $2,269,897. Applebee's (Don Chuy's Sublease) is situated on a lot that is 1.22 acre in size.

Contacts

broker

Doug Aronson

S.L. Nusbaum Realty Co.

Property Details

  • Property Type Retail - Freestanding
  • Property Size 4,560 SF
  • Lot Size 1.22 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1992
  • Date Updated Oct 2, 2024
Approximately 1.22 acres of land containing a 4,560 SF building located at 701 SE Melody Lane, Lee's Summit, MO 64063.SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale, the property leased to Applebee’s with a direct sublease to Don Chuy’s Fresh Mex and Cantina. Applebee’s is continuing to pay rent on its 17-year lease which expires on June 12, 2028. All lease terms in the original lease are backed by the Applebee’s franchisee (Apple Central KC, LLC) and remain in force until lease expiration. The Landlord will continue to get rent checks from Apple Central KC, LLC. In June of 2021, Applebee’s entered into a sublease agreement with El Catrin, LLC which operates as Don Chuy’s Fresh Mex and Cantina. They have two stores with another in Knoxville, TN.

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Highlights

  • Absolute NNN lease
  • Located across from Lee’s Summit High School (1,920 students).
  • Fee simple ownership (Land & Building).
  • Applebee’s franchisee’s continued guarantee on rent and other terms. Currently sublet to Don Chuy’s Fresh Mex and Cantina through June 11, 2028.
  • Affluent demos (3-mile Avg HHI: $110,322)

Attachments

Getting around

  • 62/100

    Walk Score ®

  • 42/100

    Bike Score ®

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Location

  • City Lees Summit, MO
  • Neighborhood Vista Del Verde - Briarcroft
  • Zip Code 64063
  • Market Kansas City

Points of Interest

  • QuikTrip

    0.19 miles

  • Phillips 66

    0.53 miles

  • Shell

    0.75 miles

  • ChargePoint

    0.85 miles

  • BP

    0.90 miles

  • Shamrock

    1.40 miles

  • Hy-Vee

    1.99 miles

  • QuikTrip Pumps

    2.18 miles

  • Tesla Supercharger

    9.28 miles

  • Parking - North Prairie Lee Park

    3.09 miles

  • South Boat Dock Parking

    3.53 miles

  • Beach Parking

    3.65 miles

  • Shelter 14 Parking

    4.05 miles

  • Shelter 12 Parking

    4.12 miles

  • Shelter 11 Parking

    4.38 miles

  • Shelter 10 Parking

    4.62 miles

  • Shelter 9 Parking

    4.77 miles

  • Shelter 8 Parking

    4.91 miles

  • Shelter 7 Parking

    5.07 miles

  • Mali Thai Bistro

    0.06 miles

  • New China Buffet

    0.11 miles

  • Custards Last Stand

    0.44 miles

  • Steak 'n Shake

    0.48 miles

  • McDonald's

    0.57 miles

  • DQ Grill & Chill

    0.77 miles

  • Sonic

    0.78 miles

  • The Filling Station

    0.78 miles

  • KFC

    0.80 miles

  • Frankie Farelanes

    0.86 miles

  • ALDI

    0.38 miles

  • Big Lots

    0.70 miles

  • Hy-Vee

    0.86 miles

  • Price Chopper

    0.94 miles

  • Walmart Supercenter

    1.63 miles

  • Kohl's

    3.05 miles

  • Target

    3.06 miles

  • Independence Center

    9.59 miles

  • Ross

    9.89 miles

  • Marshalls

    9.90 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Doug Aronson

S.L. Nusbaum Realty Co.