Applebee’s

• Absolute NNN: Zero landlord responsibilities for a passive investment – Tenant is responsible for CAM, Insurance, Utilities, and maintains all aspects of the premises.
• Long-Term 15-Year Lease (Corporate Guarantee): Brand New 15-Year corporate lease with 2% annual increases and five, 5-Year renewal options, providing investors with long-term cash flow.
• National Tenant: Applebee’s Grill + Bar a subsidiary of Dine Brands Global, Inc (NYSE: DIN) one of the largest casual dining restaurant chains with ±1,600 locations.
• Strategic Location: The property is strategically positioned off Dunlawton Ave seeing over ±42,500 vehicles per day. With major retailers in the vicinity including Walmart Supercenter, BJ’s Wholesale Club, Home Depot, Target, and Lowe’s
• Growing Area & Population: This property is in a growing coastal city located just south of Daytona Beach, Port Orange has become one of the most desirable communities in Central Florida, with its strong schools, quality of life, and retail corridors. Port Orange has experienced a population growth of 7.25% in the last 4 years.