Applebee’s

• Absolute NNN: Zero landlord responsibilities for truly a passive investment – Tenant is responsible for CAM, insurance, utilities, and maintains all aspects of the premises.
• Rental Increases: The site offers attractive 10% rental increases every 5 years, provides a strong hedge against inflation while supporting long-term growth in net cash flow and preserving equity in the property.
• 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 along North Bluff Road ( ± 24,987 VPD). The site greatly benefits from its proximity to the Gateway Convention Center which helps provide a strong hospitality corridor featuring six nearby hotels totaling ± 643 rooms and benefits from its proximity to U.S Route 66 ( ±48,000 VPD) .
• Strong Retail Corridor: The property is positioned near a prominent retail corridor anchored by Walmart and Home Depot, with numerous additional national retailers in the area, generating consistent traffic and consumer demand.
• Strong Demographics: Within a 5-mile radius, the property benefits from a population of approximately 56,351 residents and an average household income of $108,767, demonstrating a sizable and affluent consumer base that supports the casual dining sector in the area.