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820 N. Bridge Street, Chillicothe, OH, 45601

Applebee’s

$1,792,000

Key Information

Cap Rate
7%
Tot. SF
5,092
Lot Size
1 Acres
Year Built
2001
Term Remaining
± 7.5 Years
Type
Retail
NOI
$125,446

Highlights

• Absolute NNN Lease – Tenant is responsible for taxes, insurance, maintenance, and repairs, providing an owner with a secure, passive income stream and minimal responsibilities.
• Significant Lease Guarantee – The lease & rental stream benefits from a guarantee by RMH Franchise Corporation, one of the largest Applebee’s operators in the country with ±130 locations, increasing the security of the investment.
• Transparent Sales Reporting – Tenant provides unit-level sales reporting, giving ownership valuable insight into store performance and supporting investment confidence.
• Strong Sales Growth – The restaurant is profitable and experienced an approximately 11% increase in sales during 2025, supporting continued operations and the long-term stability of the rental stream.
• Low Rent-to-Sales Ratio – The subject property benefits from a low occupancy cost ratio, which supports tenant profitability and significantly enhances the long-term security of the income stream.
• Prominent Retail Corridor – Nearby tenants within 1.5 miles include Walmart, Kroger, Aldi, Lowe’s, Harbor Freight, and the recently opened Raising Cane’s, demonstrating the significance and desirability of the area.
• Significant Retail Spending – Chillicothe recorded more than $1.3 billion in annual retail sales, demonstrating substantial consumer activity and the market’s importance as a regional shopping destination.
• Excellent Visibility & Access – The property is located on a signalized hard corner with over ±28,000 vehicles per day, providing excellent visibility and access.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # BRKP.2024002419, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113