Applebee's

Dominant Casual Dining Brand: 1,600+ locations nationwide under Dine Brands Global (NYSE: DIN).
Experienced Franchisee (Potomac Family Dining): Potomac Family Dining operates 50+ locations across five states and has been at this location for 30+ years.
High-Conviction Commitment:: Brand-new 15-year ABS NNN lease plus active remodel investment demonstrates long-term dedication to this site.
High-Traffic Retail Corridor: Lee Jackson Highway (U.S. Route 11/250), Staunton’s primary commercial artery with 14,320 VPD; proximity to I-81 captures transient and regional volume.
Adjacent Redevelopment Upside: The former Staunton Mall (immediately adjacent) was acquired in 2021 for a large-scale mixed-use redevelopment featuring retail, flex, and residential components. This project is expected to meaningfully increase consumer traffic and density in the area.
Established National Retail Synergy: Surrounded by Exxon, Starbucks, Tractor Supply, Red Lobster, and McDonald’s.
Brand-New 15-Year ABS NNN Lease: Zero landlord responsibilities with built-in 10% rent increases every five years.
Planned Remodel Investment: Tenant committed to a remodel, signaling high-conviction, long-term operational commitment.
Three Additional Five-Year Options: Potential occupancy through 2056.

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