Applebee’s

Tenant Description

Applebee’s is a leader in the casual dining market. IHOP completed the purchase of the Applebee’s chain in 2007, and in 2018, the parent company of both chains rebranded to become Dine Brands Global. 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.

What We Like About Applebee’s

Typically Sits On A Large Parcel, Rental Increases In Primary Term, Complete NNN lease

What To Look For When Buying An Applebee’s

Strength Of The Franchisee Guaranteeing The Lease, Individual Store Sale Data, Intrinsic Real Estate Quality

Competition

T.G.I. Fridays, Chili’s, Buffalo Wild Wings, Ruby Tuesday

Applebee’s Website

https://www.applebees.com/en

Corporate Office Location

8140 Ward Parkway – Kansas City, MO 64114

Parent Company

Dine Brands

https://www.dinebrands.com/en

Fast Facts

Applebee’s has 2,000+ locations currently operating in all 50 states & 15 international countries

Stock Price (Parent Company)
Tenant News (Parent Company)
Average Cap Rate Trend
6.75%
2019
7.0%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$2,500,000
Avg. Annual Rental Income$180,000
Avg. Price/ SF$575
Typical Lease TypeNNN
Typical Lease Term 20 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating (Parent Company)
S & PN/A
Moody'sN/A

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *