2344 Broad River Rd
Columbia, SC 29210
Applebee's - Absolute NNN Investment · Retail Property For Sale

Price Reduced - Submit All Offers. Absolute NNN lease with 15 years of fixed term remaining and 4 - 5 Year options. The guaranteed minimum rent adjusts by 1.75% rental increases every year, providing an investor with rare, attractive rent escalations. Additionally, there are 1.25% annual rental escalations during all option periods. Comprised of 3,724 square feet situated on a 1.13 acres, the subject property enjoys excellent visibility, convenient access along Broad River Road, ample parking and vehicular traffic. The property is surrounded by national tenants such as Aaron' s, Sherwin Williams, Family Dollar, KFC, McDonald' s, and Jiffy Lube, and is located just off HWY 20. The Tenant, Applebee's, is an DineEquity casual dining brand - there are approximately 1,990 Applebee' s restaurants across 49 states and 15 countries. Lease is guaranteed by Green Apple LLC which has 57 units within the entity. Green Apple is owned by Apple Gold Group which currently owns and operates more than 130 Applebee's in North Carolina, South Carolina, Georgia, Kentucky, Indiana, Oklahoma, and Arkansas. It employs approximately 28,000 people. The parent company, DineEquity (NYSE: DIN), is based in Glendale, CA and operates over 3,600 restaurant locations with revenues of roughly $655 Million and a net worth of approximately $2.8 Billion. This is a unique and rare opportunity to purchase a high performing, proven Applebee' s asset that requires no landlord management with attractive 1.75% rental escalations every years with approximately 15 years remaining and a strategic location within an infill retail corridor that provides high traffic flow, excellent demographics and national retailers - just off of HWY 20 in Columbia, SC.