Description:

• 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 lease is guaranteed by Neighborhood Restaurant Partners, a 100+ unit franchisee
• Applebee’s franchise operations consisted of 1,567 Applebee’s restaurants in the United States and 47 company-operated U.S restaurants as of December 29, 2024

• The subject property is located adjacent to Colonial Promenade Shopping Mall, a 75,000+ square foot Walmart anchored Shopping Center with other national/credit tenants including a Subway, Olive Garden, KFC, Panda Express
• The Applebee’s is located in the primary retail corridor with many national/credit tenants including Chick-fil-A, Costco, Outback Steakhouse, Taco Bell, Starbucks, Dutch Bros Coffee, and many more
• Strong tenant synergy promotes crossover shopping to the subject property