Property Name

Applebee's




GLA 4,671 SF

Percent Leased 100% Leased

Property Description

Applebee’s is an absolute-NNN leased single tenant restaurant asset located in Richardson, Texas.  Located approximately 15 minutes north of downtown Dallas, the Property is well positioned off the signalized intersection of North Plano Road and East Belt Line Road.  Applebee's is operated by Apple Texas Restaurants, Inc., which reportedly owns and operates 47 Applebee's restaurants across Texas.  Built in 2014, Applebee’s is leased through July of 2034 on an absolute NNN lease with zero landlord responsibilities.  The tenant experiences 8% rent escalations every five years and in their two, five-year renewal option periods.
 


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