Applebee's

Highlights

• 15-Year Lease Extension Demonstrates Long-Term Commitment: Tenant extended its lease for an additional 15 years in 2023, demonstrating its commitment to the Athens location.
• 17-Year Operating History: Applebee’s has operated at this location for approximately 17 years, demonstrating an established presence in the Athens market.
• 2.5 Miles from Trinity Valley Community College: Serves 7,000+ students and employs nearly 320 faculty members.
• 5-Minute Drive from Arabella of Athens Senior Living: 70-unit assisted living community included in a three-property portfolio that sold for approximately $70 million in 2019.
• Absolute NNN Lease Zero Landlord Responsibilities
• Experienced Multi-Unit Restaurant Operator: Apple Texas Restaurants is affiliated with SSCP, a sophisticated multi-brand restaurant operator that operates 48 of Texas' 93 Applebee’s locations, representing approximately 51.6% of the brand’s statewide footprint.
• Less Than 3 Miles from UT Health Athens: 127-bed acute-care hospital with approximately 400 employees and nearly 5,000 patients annually.
• Replaceable Rent Attractive Long-Term Real Estate Value: Replaceable rental rate provides additional downside protection and long-term residual value. Contact broker for details.
• Strong Retail Synergy: Surrounded by McDonald’s, Walgreens, Dutch Bros, Starbucks, Boot Barn, AT&T, Panda Express, Bealls, Murphy USA, Walmart Supercenter and numerous other national retailers.
• Texas No State Individual Income Tax Approximately One Hour South of Dallas: Strategically located in Athens, approximately one hour south of the Dallas-Fort Worth Metroplex.

Location

Points of Interest