Applebee’s

Long-Term Tenancy: Applebee’s has occupied the property since 1994, and has exercised several renewal options demonstrating long-term commitment to the location.
Low Rent With Significant Upside Potential: Applebee’s is paying well below market rent. An investor can benefit from the potential of increasing rent through a lease negotiation at the end of the lease in eight years, or leasing the property to a new tenant.
Absolute NNN Ground Lease – Zero Landlord Responsibilities: Featuring an Absolute NNN ground lease, the property offers a true passive investment with zero landlord responsibilities.
Prime Location in a Dominant Retail Corridor With National Co-Tenancy: Strategically located within Mentor Commons, a Meijer-anchored shopping center along Mentor Avenue, the property benefits from excellent visibility and is surrounded by national retailers including Walmart, Target, Trader Joe’s, Lowe’s, Kohl’s, and Great Lakes Mall, driving sustained customer draw and long-term site viability.
Strong Demographic Profile: The property is supported by a dense population base of over 105,000 residents within a 5-mile radius and average household incomes exceeding $133,000, reinforcing long-term tenant performance.

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