Tenant: Applebee’s | Mansfield, OH
Premises: 5,431 SF
Renewal Options: 4 x 5 Years
Lease Expiration: 10/31/2023
Lease Type: Absolute NNN
Rental Increases: 7.5% Every 5 Years
Sands Investment Group is Pleased to Present For Sale the 5,431 SF Applebee’s Absolute NNN Property Located at 1023 N Lexington-Springmill Road in Mansfield, Ohio. This Deal Includes a Absolute Triple Net (NNN) Property With Zero Landlord Responsibilities. This Deal is Also Part of a 3-Unit Applebee’s Portfolio Investment Opportunity That Can Be Sold Individually or as a Portfolio.
In Cooperation With ParaSell, Inc., A Licensed Ohio and Minnesota Broker OH Lic. # REC.2020005946 – BoR: Scott Reid Lic. # BRKP.2020001224 MN Lic. # 40685007 – BoR: Scott Reid In Cooperation With Sands Investment Group Indiana, LLC IN Lic. # RC52000211 – BoR: Andrew Ackerman IN Lic. # RB20001918
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Founded nearly three decades ago on the principles of exceptional value and family fun, Applebee’s Services, Inc., operates what is today the largest casual-dining chain in the world. This prominent eatery draws people of all ages and lifestyles with its fun, family-friendly atmosphere and signature bar and grill menu. Applebee’s is an American company which develops, franchises, and operates the Applebee’s Neighborhood Grill + Bar restaurant chain.
The Applebee’s concept focuses on casual dining, with mainstream American dishes such as salads, chicken, pasta, burgers, and “riblets”, which is considered Applebee’s signature dish. All Applebee’s restaurants feature a bar area and serve alcoholic beverages. Applebee’s’ parent company is DineEquity, which is also the parent company for IHOP. Applebee’s continues to grow and prosper, and further differentiates itself with innovative attractions, like the popular Carside to Go service available at many of its restaurants. As one of the world’s largest casual dining brands, Applebee’s has 1,705 franchise and company-operated restaurants in the United States, Puerto Rico, Guam and 11 other countries as of March 31, 2021.
Applebee’s is a subsidiary of Dine Brands Global (NYSE: DIN) which is one of the world’s largest full-service dining companies and franchisor of Applebee’s Grill + Bar and IHOP, two of America’s most iconic and enduring brands. With over 3,500 locations in 16 countries, DINE empowers, supports and grows the world’s most-loved restaurant brands because they believe community happens when people eat together.
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