Applebee’s

• Long-Term Operating History | 22 Years of Occupancy: Applebee’s has successfully operated at this location for more than 22 years, demonstrating the strength of the site and its importance within the tenant’s portfolio.
• Absolute NNN Lease | Passive Investment: The Property is leased on an absolute triple-net (NNN) basis, providing investors with a hands-off ownership structure and zero landlord responsibilities.
• Premier Retail Corridor | Exceptional Retail Synergy: The immediate trade area includes an impressive roster of national retailers, including Costco, Walmart, Lowe’s, Target, Raising Cane’s, Starbucks, Ross, Aldi, Five Below, PetSmart, Ashley Furniture, Chipotle, Wendy’s, Chase Bank, Jack in the Box, and Tractor Supply, reinforcing the corridor as the dominant retail destination within the market.
• Exceptional Store Performance | Sub-6% Rent-to-Sales Ratio: The Property boasts very strong in-place store sales with a rent-to-sales ratio below 6%, reflecting outstanding unit-level economics and a strong likelihood of long-term operational success.
• Strong Traffic Counts | 22,000 Vehicles Per Day: The Property is positioned along one of El Centro’s primary commercial corridors, benefiting from traffic counts exceeding 22,000 vehicles per day, which provides exceptional visibility and convenient access for both local residents and visitors.
• Built-In Rent Growth | 10% Increases Every Option Period: Each of the four renewal options features 10% rent escalations, providing meaningful income growth and inflation protection over the life of the lease.
• Outparcel to Dominant Shopping Center: The Property is strategically positioned as an outparcel to a shopping center anchored by Food 4 Less and Dollar Tree, benefiting from strong daily traffic and consistent consumer activity.
• Adjacent to El Centro Town Center: The Property benefits from its proximity to El Centro Town Center, one of the largest shopping centers in Imperial County, anchored by Lowe’s and Target, which drives significant consumer traffic to the surrounding area.