
Applebee's | Greer, SC
NNN Applebee's in Rapidly Growing SC Market
Investment highlights
Strong Tenant with Long-Term NNN Lease -
Absolute NNN lease with approximately 8 years of term remaining and rent increases. This location ranks in the 73rd percentile in South Carolina according to Placer.ai.
Rapidly Growing Market -
Located within the rapidly expanding Greenville-Spartanburg MSA, one of the Southeast’s strongest economic and population growth corridors, with Greer ranking among the fastest-growing cities in the United States.
Excellent Visibility & Accessibility -
Prominent frontage and convenient access along Wade Hampton Boulevard, a major connector between Greer and Greenville.
High-Traffic Retail Corridor -
Strategically positioned along Wade Hampton Boulevard, a dominant retail corridor with traffic counts exceeding 33,000 vehicles per day.
Strong Surrounding Demographics -
A dense surrounding population of more than 100,000 residents within a 5-mile radius is supported by average household incomes exceeding $105,000.
Low Vacancy Submarket -
The submarket maintains a low retail vacancy rate of 1.3% with no new construction currently underway, according to CoStar.
Experienced Multi-Unit Franchisee -
Operated by Legacy Apple, a long-standing Applebee’s franchisee with a multi-state portfolio and decades of experience operating and expanding Applebee’s restaurants throughout the Midwest and Southeast.
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