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Applebee's Properties For Sale

    



Interested in Purchasing a Applebee's Property for Investment?

 

If you wish to purchase a Applebee's property for investment, please email info@nnndeals.com; We have access to an extensive inventory of triple net Applebee's properties for sale in Washington DC, Maryland, Virginia and the entire United States.

  

 

 

Applebee's

 

 

Name 
Applebee's
Industry Restaurants
Founded 1980
Headquarters Kansas City, Missouri ,United States
Number of locations 
2,003 (2013)  [1]
Revenue

$2.52 billion (2006)  [2

Number of employees 
28,000 (2013)  [3]
Parent DineEquity
Total Assets $ 935.4 million (  2006  )  [2] 
Net Income $80.91 million (2006
Website           applebees.com
Price: 

$1.5M - $4M


Lease Term
:


15 - 20 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 - 40 Years  

Lease Type
:
Absolute NNN 

Lease
Guarantee: 

Corporate and Franchisee

CAP Rate Ranges:
5.5% – 6.50%


   

About Applebee's : 

  

Applebee’s International, Inc. , is an American company which develops, franchises, and operates the  Applebee's Neighborhood Grill and Bar restaurant chain. As of December 2011, there were 2,019 restaurants operating system-wide in the United States, one U.S. territory (Puerto Rico) and 15 other countries. [4]  The company is headquartered in  Kansas City, Missouri  after moving from  Lenexa, Kansas  in September 2011

 

The Applebee's concept focuses on casual dining with mainstream American dishes such as salads, shrimp, chicken, pasta, and "riblets" (which is considered Applebee's signature item). All Applebee's restaurants feature a bar area and serve alcoholic beverages( except where prohibited by law). 

In November 2007, IHOP announced that it had completed a $1.9 billion purchase of the Applebee's chain.[2] The Applebee's chain was started by Bill and T.J. Palmer who opened their first restaurant, T.J. Applebee’s Rx for Edibles & Elixirs, in Decatur, Georgia on January 1, 1980. After opening their second restaurant the pair sold their company to W. R. Grace and Company in 1983. As part of the transaction, Bill Palmer was named president of the Applebee's Division an indirect subsidiary of W. R. Grace and Company. In that capacity, Palmer guided the operation from its entrepreneurial beginnings to a full-fledged franchise system. He became an Applebee's franchisee in 1985 and today owns more than three dozen Applebee's restaurants. 

 

Applebee's Properties For Sale Across the United States: 

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana,Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin, Wyoming 

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