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INVESTMENT OFFERING

SAB Capital is pleased to present Applebee’s in Killeen, TX. It is an Absolute Triple Net Lease (NNN) with 10+ years remaining on the term that is guaranteed by a 50+ unit operator. The lease features a 10% rent increase in 2023 that provides a hedge against inflation, while the store boasts a strong rent to sales ratio. The property is strategically located on East Central Texas Expressway with exposure from Highway 190, which sees 100,000+ vehicles per day. The Killeen market features strong demographics trends, with the population growing over 16% within 5 miles of the subject since the 2010 census. Killeen is approximately 50 miles North of Austin and is near Fort Hood, the world’s most populous military installation in the world.

  • Applebee’s in Killeen, TX | Near Fort Hood |  The Most Populous U.S. Military Installation in the World
  • Triple Net Lease (NNN) With 10+ Years Remaining |  Zero Landlord Responsibilities
  • Hedge Against Inflation |  10% Rent Increase in 2023
  • Ideally Located on East Central Texas Expressway With Strong Visibility from Highway 190 |  More Than 109,408 Vehicles Per Day (VPD) on Highway 190
  • Strong Retail Corridor | More Than 1 Million SF of Retail Development Within a Mile |  Subject is Adjacent to Aldi Anchored Shopping Center
  • Strong Local Demographic |  Over 16% Resident Increase Since 2010 Within a 5-Mile Radius
  • Strong Store Sales |   Among the Top Annual Revenue of All Texas Applebee’s
  • Additional Retail in the Area Include: ALDI, Lowe’s, The Home Depot, In-N-Out, JCPenney, Best Buy and Many More

Tenant Price Cap Rate Lease Type Square Feet Status
Applebee's $4,500,000 % Triple Net Closed

Michael Grunberg

VICE PRESIDENT | INVESTMENT SALES
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