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Restaurant

Applebee's | Excellent Operator with Strong Sales

98 Shaw Ave, Clovis, CA 93612

Listing Price: $5,310,000

Cap Rate
5.75%
Tenant Name
Applebee's
Years Remaining On Lease
8.1
Guarantor
Franchisee Guarantee
Rentable SF
6,993
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.67

Investment Overview

--Prime Retail Location with a Strong Operator--
-Very Low Rent to Sales Ratio of 7.2% | Percentage Rent Provides an Opportunity for Additional Upside Through Continued Sales Growth

-Flynn Restaurant Group is the Nation’s Largest Franchisee Operator with Over 2,700 Locations, 75,000+ Employees, and Nearly $5 Billion in Annual Sales

-200+ Feet of Frontage Along Shaw Avenue, a Major Retail Corridor with Traffic Counts Exceeding 45,000 Cars Per Day

-Less Than One Block from Sierra Vista Mall, a 78-Acre, 690,000+ Square Foot Regional Mall with Major Anchors Including Target, Kohl’s, and K1 Speed

-NNN Lease with Minimal Landlord Responsibilities | Ideal for Investors not Local to the Market

--Strong Real Estate Fundamentals--
-Proximity to Several Major Retailers such as Costco, Target, PetSmart, Marshalls, Planet Fitness, Grocery Outlet, Lowe’s, Home Depot, and Many More

-Outparcel to a CVS and Bowlero-Anchored Center, Creating Consistent and Complementary Daily Traffic Throughout the Afternoon and Evening

-Excellent Demographics - Average Household Income Exceeds $102,000 Within 5 Miles | Dense, Infill Area with More Than 340,000 Residents Within Five Miles

Investment Highlights

  • Nationally Recognized Operator: Leased to Applebee's Under Apple American Group (a Subsidiary of Flynn Restaurant Group), the Largest Applebee's Franchisee Globally With 440+ Locations
  • The Subject Property is Ranked in the Top 10% for Applebee's Traffic in California and Nationwide, According to Placer.ai | Contact Agent for More Details
  • Excellent Store Sales – 2024 Sales Exceeded $4,000,000 with 2025 Tracking for Further Sales Growth

Exclusively Listed By

Restaurant

Applebee's | Excellent Operator with Strong Sales

Listing Price: $5,310,000

Cap Rate
5.75%
Tenant Name
Applebee's
Years Remaining On Lease
8.1
Guarantor
Franchisee Guarantee
Rentable SF
6,993
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.67

Investment Highlights

  • Nationally Recognized Operator: Leased to Applebee's Under Apple American Group (a Subsidiary of Flynn Restaurant Group), the Largest Applebee's Franchisee Globally With 440+ Locations
  • The Subject Property is Ranked in the Top 10% for Applebee's Traffic in California and Nationwide, According to Placer.ai | Contact Agent for More Details
  • Excellent Store Sales – 2024 Sales Exceeded $4,000,000 with 2025 Tracking for Further Sales Growth

Investment Overview

--Prime Retail Location with a Strong Operator-- -Very Low Rent to Sales Ratio of 7.2% | Percentage Rent Provides an Opportunity for Additional Upside Through Continued Sales Growth -Flynn Restaurant Group is the Nation’s Largest Franchisee Operator with Over 2,700 Locations, 75,000+ Employees, and Nearly $5 Billion in Annual Sales -200+ Feet of Frontage Along Shaw Avenue, a Major Retail Corridor with Traffic Counts Exceeding 45,000 Cars Per Day -Less Than One Block from Sierra Vista Mall, a 78-Acre, 690,000+ Square Foot Regional Mall with Major Anchors Including Target, Kohl’s, and K1 Speed -NNN Lease with Minimal Landlord Responsibilities | Ideal for Investors not Local to the Market --Strong Real Estate Fundamentals-- -Proximity to Several Major Retailers such as Costco, Target, PetSmart, Marshalls, Planet Fitness, Grocery Outlet, Lowe’s, Home Depot, and Many More -Outparcel to a CVS and Bowlero-Anchored Center, Creating Consistent and Complementary Daily Traffic Throughout the Afternoon and Evening -Excellent Demographics - Average Household Income Exceeds $102,000 Within 5 Miles | Dense, Infill Area with More Than 340,000 Residents Within Five Miles

Exclusively Listed By

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