Applebee's, Sumter SC - Absolute NNN | 7.5% Rent Increases
Applebee’s Absolute NNN | 4,894 SF | Dine Brands Guaranty | Rent Bumps | Sumter, SC
Marketing description
This Applebee’s in Sumter, South Carolina offers investors a rare opportunity to acquire a fully leased, single-tenant property backed by Thrive Restaurant Group and Dine Brands Global (NYSE: DIN), one of the largest full-service restaurant operators in the world. The restaurant sits on a 1.25-acre parcel with 4,894 SF of building area, featuring excellent visibility along Broad Street (US Hwy 378) with 30,000+ vehicles per day. The lease is structured as an absolute NNN, leaving the landlord with no responsibilities for taxes, insurance, CAM, HVAC, roof, or structure—providing completely passive income. Current rent runs through March 2028, with 7.5% rent increases every five years and four (4) five-year renewal options extending occupancy through 2048.
Strategically positioned in Sumter’s dominant retail corridor, the property benefits from proximity to Walmart, Lowe’s, Hobby Lobby, T.J. Maxx, and eight national-brand hotels within a half-mile, along with strong demand generated by nearby Shaw Air Force Base. The location demonstrates proven retail performance, supported by national retailers and steady daytime and evening traffic from military families, travelers, and local residents. This offering delivers investors a stable, credit-backed tenant, predictable income growth, and long-term security in a market with strong demand drivers and ongoing commercial development.
Investment highlights
Absolute NNN Lease – Completely passive income; tenant covers all expenses including taxes, insurance, CAM, HVAC, roof, and structure.
Credit-Backed Tenant – Applebee’s Restaurants Mid-Atlantic, LLC, backed by Dine Brands Global (NYSE: DIN), a Fortune 1000 company with 1,600+ locations nationwide.
Built-In Rent Growth – 7.5% rent increases every five years, driving cap rate expansion from 7.50% today to over 10% by the last option period.
Prime Retail Corridor – Located on Broad Street (US Hwy 378) with 30,000+ vehicles per day, surrounded by Walmart, Lowe’s, Hobby Lobby, T.J. Maxx, and multiple national-brand hotels.
Strong Local Demand Drivers – Anchored by Shaw Air Force Base, a major military installation, along with healthcare, education, and manufacturing employers.
Long-Term Stability – Current lease runs through March 2028 with four (4) five-year renewal options, extending potential occupancy through 2048.
Attractive Building & Site – 4,894 SF building on a 1.25-acre lot with 88 parking spaces and excellent visibility and access.
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