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Restaurant

APPLEBEE’S | 123 MEADOWFIELD LN

123 Meadowfield Ln, Princeton, WV 24739

Listing Price: $2,444,501

Cap Rate
5.75%
Tenant Name
APPLEBEE’S
Years Remaining On Lease
12.8
Guarantor
Franchisee Guarantee
Rentable SF
4,623
Lease Type
Absolute Net
Rent Per Square Feet
$528.77

Investment Overview

Optimal Lease Structure
• Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
• Approximately 12 Years of Lease Term Remaining
• Attractive Rental Increases | 1.50% Annually Starting May 2026
• Four (4) Tenant Renewal Periods of Five (5) Years Each
• Tenant / Guarantor: Legacy Apple III / Legacy Apple II (40+
Restaurants)
Compelling Location Fundamentals
• Dense Retail Corridor | Walmart, Hardee’s, Bob Evans, Wendy’s,
Subway, Outback, Burkes, Starbucks, Lowe’s, Chick-fil-A, McDonald’s,
and Many More
• Features High Visibility & Ease of Access Just off of Hwy 468
• Strong Traffic Counts | Hwy 468 and Interstate-77 | Average Daily
Traffic Counts of 23,000 and 25,500 Vehicles Respectively
• Close Proximity to Mercer Christian Academy | Known Throughout the
Region for Academic Prowess
Strong Brand, Exceptional Operator
• Part of the Thrive Restaurant Group Family
• One of the Nation’s Largest Applebee’s Franchisees
• Comprised of Over 5,000 Employees with Over 50 Years of Operating
Experience
• Operate Four Brands Consisting of Over 100 Restaurants Throughout
12 States

Investment Highlights

  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Approximately 12+ Years of Lease Term Remaining
  • Attractive Rental Increases | 1.50% Annually Starting May 2026
  • Tenant / Guarantor: Legacy Apple III / Legacy Apple II (40+ Restaurants)

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (216) 264-2060

    License(s) WV: WVB250301068

    West Virginia

Restaurant

APPLEBEE’S | 123 MEADOWFIELD LN

Listing Price: $2,444,501

Cap Rate
5.75%
Tenant Name
APPLEBEE’S
Years Remaining On Lease
12.8
Guarantor
Franchisee Guarantee
Rentable SF
4,623
Lease Type
Absolute Net
Rent Per Square Feet
$528.77

Investment Highlights

  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Approximately 12+ Years of Lease Term Remaining
  • Attractive Rental Increases | 1.50% Annually Starting May 2026
  • Tenant / Guarantor: Legacy Apple III / Legacy Apple II (40+ Restaurants)

Investment Overview

Optimal Lease Structure • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities • Approximately 12 Years of Lease Term Remaining • Attractive Rental Increases | 1.50% Annually Starting May 2026 • Four (4) Tenant Renewal Periods of Five (5) Years Each • Tenant / Guarantor: Legacy Apple III / Legacy Apple II (40+ Restaurants) Compelling Location Fundamentals • Dense Retail Corridor | Walmart, Hardee’s, Bob Evans, Wendy’s, Subway, Outback, Burkes, Starbucks, Lowe’s, Chick-fil-A, McDonald’s, and Many More • Features High Visibility & Ease of Access Just off of Hwy 468 • Strong Traffic Counts | Hwy 468 and Interstate-77 | Average Daily Traffic Counts of 23,000 and 25,500 Vehicles Respectively • Close Proximity to Mercer Christian Academy | Known Throughout the Region for Academic Prowess Strong Brand, Exceptional Operator • Part of the Thrive Restaurant Group Family • One of the Nation’s Largest Applebee’s Franchisees • Comprised of Over 5,000 Employees with Over 50 Years of Operating Experience • Operate Four Brands Consisting of Over 100 Restaurants Throughout 12 States

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (216) 264-2060

    License(s): WV: WVB250301068

    West Virginia

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