Wesley Chapel, FL - Applebee's

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 Hollybrook Plaza, a 75,000+ square foot Publix anchored Shopping Center with other national/credit tenants including a Great Clips, Papa Johns Pizza, and a UPS Store
• The Applebee’s is located within walking distance to Village Market Shopping Mall, a 150,000+ square foot shopping mall anchored by Ace Hardware and also includes AutoZone, Burger King, Waffle House, and Popeyes pads
• Strong tenant synergy promotes crossover shopping to the subject property
• The subject property is located in the primary retail corridor with many national/credit tenants including Taco Bell, Wawa, Chick-fil-A, Walgreens, Wendy’s, Starbucks, Subway, and many more
• The Applebee’s is located less than 5-miles from BayCare Hospital Wesley Chapel, one of the largest hospitals in the area with over 86-licensed beds