1990 Griffith Rd
Winston-Salem, NC 27103
Applebee's | Dine Brands Global (Corporate) · Retail Property For Sale

Marcus & Millichap is pleased to present the exclusive listing for a 5,574-square foot freestanding Applebee’s investment located in Winston-Salem, North Carolina. Applebee’s signed an original 20-year absolute triple net lease with over 11 years remaining which includes (4) 5-year options and 6% rent bumps every five years. The subject property is located just off of Interstate 40 in the main commercial corridor of Winston-Salem. It is the out-pad to a Best Buy and Hampton Inn. Directly across the street from the property to the east are Sam’s Club and Lowe’s Home Improvement among others. The subject property is less than one mile away from Hanes Mall, an over 1.5 million-square foot shopping mall located off of I-40 on Silas Creek Parkway between Stratford Road and Hanes Boulevard. Hanes Mall is one of North Carolina’s largest enclosed shopping malls that includes 5 anchors and over 200 tenants. Winston-Salem is the county seat of Forsyth County, North Carolina. It is the second largest municipality in the Piedmont Triad region and the fourth largest city in the state. Winston-Salem is called the "Twin City," for its dual heritage, and "City of the Arts and Innovation," for its dedication to fine arts, theater, and technological research. Wake Forest University and Winston-Salem University are both located in the city. Although traditionally associated with the textile and tobacco industries, Winston-Salem is transforming itself to be a leader in the nanotechnology, high technology, and biotechnology fields. Medical research is a fast-growing local industry, with Wake Forest University Baptist Medical Center serving as the largest employer in Winston-Salem. Other major industries in the area include education and manufacturing. In 2012, the city was listed among the ten best places to retire in the United States by CBS MoneyWatch.