2600 W State St
Alliance, OH 44601
Applebee's - 465+ Unit Operator · Retail Property For Sale

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE THIS APPLEBEE’S RESTAURANT located in Alliance, Ohio. This is a triple net lease with over 4 years remaining on the initial 20 year lease term. There are no landlord responsibilities or expenses. This lease boasts 7.5% rental increases every 5 years in the base term and all the option periods. The franchisee, Apple American Group LLC is the largest Applebee’s franchisee in the world. Additionally, the tenant recently completed a $1 million store remodel showing commitment to the site. This 4,320 property is situated an outparcel location to Walmart, located on W. Main Street with over 16,000 vehicles passing by daily. Additional surrounding retail tenants include Lowe’s, Staples, Starbucks, Tractor Supply, Bob Evans, Goodwill and McDonald’s. Applebee’s is also located just 2.5 miles from the University of Mount Union, a private liberal arts college with over 2,250 students enrolled. Apple American Group LLC owns and operates over 465 Applebee’s Neighborhood Grill and Bar restaurants in 26 states. Apple America Group is also is part of Flynn Restaurant Group which also operates 280 Taco Bells and 131 Panera’s and is the largest restaurant franchisee in the U.S. Apple American Group is supported by the strong financial resources of Flynn Restaurant Group, ranked number 1 in Franchise Time’s Restaurant 200 list.