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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.

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

  • Mark Krantz

    First Vice President Investments

    (215) 531-7056

    Email Mark

    License(s): PA: RS336064, NJ: 1863254

    Philadelphia

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s) NJ: 2192359

    New Jersey

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

  • Mark Krantz

    First Vice President Investments

    (215) 531-7056

    Email Mark

    License(s): PA: RS336064, NJ: 1863254

    Philadelphia

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s): NJ: 2192359

    New Jersey

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