Temple Terrace, FL - Applebee's

Description:

• Neighborhood Restaurant Partners guaranteed lease, Neighborhood Restaurant Partners is a 100+ unit franchisee
• 8+ years remaining with 6 (5-year) option periods to extend
• The lease features 1% rental increases annually throughout the initial term and each option period

• The subject property is located near University Mall with major tenants including Burlington, Sprouts, Portillo’s, LongHorn Steakhouse, KFC, Panda Express, and more
• The asset is located approximately 1 mile from the University of South Florida with a student population of over 49,000 students
• Located in the center of a primary retail corridor with other national/credit tenants including Publix, Winn-Dixie, Planet Fitness, McDonald’s, Taco Bell, Dunkin’, CVS, First Watch, Panera Bread, and many others
• Strong tenant synergy promotes crossover shopping to the subject property