Applebee's

Applebee’s is an absolute-NNN leased single tenant restaurant asset located in the high growth DFW submarket of Saginaw, Texas.  The Property is leased through March 2033 on an absolute NNN basis with zero landlord responsibilities.  The tenant experiences 8% rent escalations every five years including each of their four, five-year renewal options.  Applebee’s is operated by Apple Texas Restaurants, Inc., and affiliates, which reportedly owns and operates over 80 Applebee’s restaurants across Texas.  The Property is approximately 20 minutes from downtown Fort Worth, 30 minutes from Dallas Fort Worth International Airport & 50 minutes from downtown Dallas.  Applebee’s consist of a 4,580 SF partial masonry construction; highly visible pylon sign & sits on a large 1.15-acre parcel.