Applebee's Neighborhood Bar and Grill
Retail | 7.00% CAP | 5,911 SqFt
Marketing description
Zero Landlord Responsibilities: Absolute NNN lease with over 7 years remaining, requiring minimal landlord involvement as the tenant covers insurance, taxes, and maintenance expenses.
Strong Franchisee: Apple Texas Restaurants operates over 80 Applebee’s locations and is a subsidiary of SSCP Management, a proven multi-brand operator with over 500 units, including CiCi’s Pizza, Corner Bakery, Roy’s Fine Dining, and Sonic.
Investment highlights
Hedge Against Inflation: 8% rent increase in July 2029, with 10%+ bumps scheduled at each option.
Large Lot Size: Property benefits from large lot size of 1.14 acres.
Booming Market: The Dallas-Fort Worth (DFW) metroplex had the largest population growth in the United States in 2023. Within five miles of the site, the average household income is $116,639, reflecting a strong consumer base.
Ideal Location: Prime signalized corner location with full visibility off E Round Rd (40K vehicles per day), just off major highway I-35, ensuring high traffic exposure.
Nearby National Retailers: Additional national retailers in the area include Target, Walmart, Kroger, Chick-fil-A, Starbucks, and Home Depot.
Shopping Mall Redevelopment: The Vista mall will undergo a $200 million redevelopment, transforming it into a vibrant mixed-use destination featuring multifamily, office, retail, and entertainment. Additionally, a $32 million bond project has been approved to fund critical infrastructure improvements at the current mall site, paving the way for this exciting transformation.
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