img
img
img

INVESTMENT OPPORTUNITY

SAB Capital is pleased to present Applebee’s in Seneca, SC. The lease features an absolute triple net lease with zero landlord responsibilities and 5 years remaining in the base term. It is guaranteed by Thrive Restaurant Group, a 170+ unit operator. The property boasts strong location fundamentals being situated on Bypass 123 which sees over 28,000 vehicles per day.

  • Applebee’s in Seneca, SC | 7 Miles Northwest of Clemson University
  • Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
  • High Credit, Experienced Operator | Thrive Restaurant Group Operates 170+ Units
  • High Performing Location | Healthy Rent-to-Sales Ratio, $3.9M In Sales (2023)
  • Significant Lease Term Remaining | Tenant Recently Exercised 5-Year Option Through 2029
  • High Relative Foot Traffic Among Local Applebee’s | 2nd Most Trafficked Location out of 27 in the State (Placer.ai)
  • Lease Features 1.25% Annual Increases Through Base Term and Options | Hedge Against Inflation
  • Located on a Highly Trafficked Thoroughfare | Over 28,000 Vehicles Per Day (VPD)
  • National Retailers Located Nearby | Walmart, Starbucks, McDonald’s, and Many More

Tenant Price Cap Rate Lease Type Square Feet Status
APPLEBEES $3,685,963 6.85% NNN 4,933 Available

Michael Grunberg

VICE PRESIDENT | INVESTMENT SALES

Stephen Asihene

SENIOR ASSOCIATE | INVESTMENT SALES
Download OM

JOIN OUR MAILING LIST

JOIN OUR MAILING LIST

Subscribe