Restaurant
APPLEBEE’S | 123 MEADOWFIELD LN
123 Meadowfield Ln, Princeton, WV 24739
Listing Price: $2,444,501
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
Listing Price: $2,444,501
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

