Restaurant
Applebee's
1830 S Black Horse Pike, Monroe, NJ 08094
Listing Price: $2,640,000
Cap Rate
5.50%
Tenant Name
Applebee's
Years Remaining On Lease
11.8
Guarantor
Franchisee Guarantee
Rentable SF
5,600
Lease Type
Ground Lease
Rent Per Square Feet
$25.93
Investment Overview
Applebee’s Grill + Bar is one of the largest casual dining brands with over 2,000 locations across the US. Applebee’s was ranked the #21 “Top Restaurant Chain” in 2022 by Nation’s Restaurant News.
Applebee's
Investment Highlights
- Positioned as an outparcel to a Walmart, a major big box store in the submarket that sees 1.5M+ visitors annually.
- A 10% rental increase is coming in June of 2025 followed by 10% increases every 5 years to help hedge against inflation
- Applebee's NNN Ground Lease with zero landlord responsibilities. Tenant maintains and pays for all aspects of the premises. Management-free investment for a passive investor.
- NJ is ranked #7 with the most Applebee's locations in the Nation. The subject site is within the top 50% in the U.S. (based on annual visitors).
Exclusively Listed By
Broker of Record
-
John Horowitz
Senior Vice President/Division Manager
Listing Price: $2,640,000
Cap Rate
5.50%
Tenant Name
Applebee's
Years Remaining On Lease
11.8
Guarantor
Franchisee Guarantee
Rentable SF
5,600
Lease Type
Ground Lease
Rent Per Square Feet
$25.93
Investment Highlights
- Positioned as an outparcel to a Walmart, a major big box store in the submarket that sees 1.5M+ visitors annually.
- A 10% rental increase is coming in June of 2025 followed by 10% increases every 5 years to help hedge against inflation
- Applebee's NNN Ground Lease with zero landlord responsibilities. Tenant maintains and pays for all aspects of the premises. Management-free investment for a passive investor.
- NJ is ranked #7 with the most Applebee's locations in the Nation. The subject site is within the top 50% in the U.S. (based on annual visitors).
Investment Overview
Applebee’s Grill + Bar is one of the largest casual dining brands with over 2,000 locations across the US. Applebee’s was ranked the #21 “Top Restaurant Chain” in 2022 by Nation’s Restaurant News.
Exclusively Listed By
Broker of Record
-
John Horowitz
Senior Vice President/Division Manager
