
Tenant: Applebee’s
Premises: 5465 SF
Renewal Options: 3 x 5
Lease Expiration: 12/31/2026
Lease Type: NNN
Rental Increases: 9% on January 1, 2017
Absolute NNN
Largest Applebee’s Franchisee
Operates 330+ locations
8% increase in 2017
Applebee’s International, Inc., is an American company which develops, franchises, and operates the Applebee’s Neighborhood Grill and Bar restaurant chain. As of December 2011, there were 2,019 restaurants operating system-wide in the United States, Puerto Rico and 15 other countries. The company is headquartered in Kansas City, Missouri after moving from Lenexa, Kansas in September 2011.[5]
The Applebee’s concept focuses on casual dining, with mainstream American dishes such as salads, shrimp, chicken, pasta, and “riblets” (which is considered Applebee’s signature dish). Applebee’s restaurants feature a bar area and serve alcoholic beverages