Log In/Sign Up
Your email has been sent.
Applebee's | Absolute NNN | (NYSE: DIN) 608 S. Air Depot Boulevard 4,847 SF Retail Building Midwest City, OK 73110 $1,815,000 ($374.46/SF) 5.75% Cap Rate
Investment Highlights
- Corporate Guaranty (NYSE: DIN) | 10% Increases Every 5 Years
- Dense Retail Corridor | Near 196-Bed SSM Health St. Anthony Hospital
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics and Daytime Population in 5-Mile Trade Area
Executive Summary
• Lease corporately guaranteed by Dine Brands Global, Inc. (NYSE: DIN) — the publicly traded parent of Applebee’s and IHOP, with 1,520+ locations across the U.S. and 17 countries
• Scheduled 10% rental increases every five years throughout the base term and option periods provide steady NOI growth and an attractive inflation hedge
• A Dine Brands affiliate executed a new lease in 2025 with approximately 9 years remaining plus four (4) 5-year renewal options, demonstrating long-term commitment to the site
• Scheduled 10% rental increases every five years throughout the base term and option periods provide steady NOI growth and an attractive inflation hedge
• A Dine Brands affiliate executed a new lease in 2025 with approximately 9 years remaining plus four (4) 5-year renewal options, demonstrating long-term commitment to the site
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,847 SF
Building Class
B
Year Built/Renovated
1999/2021
Price
$1,815,000
Price Per SF
$374.46
Cap Rate
5.75%
NOI
$104,342
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.43 AC
Zoning
SPUD - Simplified Planned Unit Development
Parking
103 Spaces (21.25 Spaces per 1,000 SF Leased)
Frontage
274’ on Air Depot Blvd
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 150414527 | Improvements Assessment | $131,705 |
| Land Assessment | $55,342 | Total Assessment | $187,047 |
Property Taxes
Parcel Number
150414527
Land Assessment
$55,342
Improvements Assessment
$131,705
Total Assessment
$187,047
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Applebee's | Absolute NNN | (NYSE: DIN) | 608 S. Air Depot Boulevard
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.