1352 S Providence Center Dr
Cedar City, UT 84720
Applebee's: Cedar City, UT · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 5,342-square-foot Applebee’s situated on 1.25 acres in Cedar City, Utah (MSA Population: ±50,000). Cedar City, which is part of the American Southwest’s Grand Circle region, is located 250 miles south of Salt Lake City and 169 miles north of Las Vegas, Nevada. Applebee’s recently extended 19-year absolute NNN lease features a 10% increase in Year 6 with 2% annual rent bumps for the remaining initial term and two 10-year renewal options. The property is conveniently located with excellent access and visibility on Providence Center Drive just 0.2 miles west of I-15 (Traffic Count: 24,835 VPD), which provides direct access to both Las Vegas and Salt Lake City. Applebee’s is strategically located within the 120-acre Providence Center and is an outparcel to the third highest producing Walmart in Utah. The site is also immediately adjacent to a Subway, GNC, Rent-A-Center, Sub Zero Ice Cream and directly across Providence Center Drive from Costa Vida.