APPLEBEE'S

1310 S Centerville Rd, Sturgis, MI 49091
$2,357,529

Cap Rate
8.50%
Year Built
2000
Leasable Area
4,287 SF
NOI
$200,390
Property Type
Retail

INVESTMENT HIGHLIGHTS:

  • Absolute NNN Lease – There are zero landlord responsibilities or expenses, providing 100% passive income to the landlord.
  • Strategically Located – The Applebee’s property is strategically located off S Centerville Road (Hwy 66) which sees ±17,600 cars per day and is on the state border line of Michigan and Indiana.
  • Excellent Retail Synergy – The property is an outparcel to a Meijer and Walmart Supercenter and is located in a strong retail corridor with other national retailers that include Aldi, O’Reilly Auto Parts, Walgreens, Taco Bell, Wendy’s and McDonald’s to name a few.
  • Strong Guarantee – The lease is backed by TSFR Apple Venture, LLC with over 60+ units under management in the state of Michigan. TSFR is one of Michigan’s largest multi-brand restaurant groups that also operate Wendy’s, Mod Pizza, and Olga’s Kitchen.
  • National Tenant – Applebee’s Bar + Grill, a subsidiary of Dine Equity, INC. is one of the largest casual dining chains in the world with over 1,670 locations.

Broker of Record

  • Kyle Matthews
  • License No. 6505432273 (MI)
  • (866) 889-0550
  • Matthews Real Estate Investment Services
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203