Midwest City, OK - Applebee's

Description:

• Lease corporately guaranteed by Dine Brands Global, Inc. (NYSE: DIN) — the publicly traded parent of Applebee’s and IHOP, with 1,520+ locations across the U.S. and 17 countries
• Scheduled 10% rental increases every five years throughout the base term and option periods provide steady NOI growth and an attractive inflation hedge
• A Dine Brands affiliate executed a new lease in 2025 with approximately 9 years remaining plus four (4) 5-year renewal options, demonstrating long-term commitment to the site

• Located directly along S. Air Depot Boulevard with exposure to approximately 23,400 vehicles per day and strong regional access via Interstate 40 (60,500 VPD)
• Positioned within one of Midwest City’s primary commercial corridors, surrounded by national and credit tenants including Walmart Supercenter, Target, Kohl’s, Lowe’s, The Home Depot, Sam’s Club, WinCo Foods, Walgreens, ALDI, Academy Sports, Hobby Lobby and Burlington
• Nearby demand drivers include SSM Health St. Anthony Hospital (196 beds, 55,000+ annual visitors), Tinker Air Force Base, Rose State College (7,700 students), Midwest City Middle School, and several multifamily communities (The Shelton –247 units, Vista Green – 255 units, Midwest Manor – 103 units)

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Listing ID: a28TP000002m0CfYAI