Applebee's

Key features

• Absolute Net Lease Structure Tenant is responsible for taxes, insurance, CAM, roof, and structure, providing truly passive ownership with zero landlord responsibilities
• Established National Restaurant Tenant Long-standing Applebee’s location operated by RMH under Sun Holdings, an experienced restaurant operator with approximately 131 locations
• Established Retail Corridor Situated within the Townley Center Shoppes and surrounded by national retailers and restaurants including Kroger, Starbucks, Taco Bell, Wendy’s, Walgreens, Zaxby’s, and numerous others
• Excellent Access and Visibility The property benefits from immediate access to New Circle Road (KY-4), which carries approximately 76,000 vehicles per day, and Leestown Road (US-421), which carries approximately 30,000 vehicles per day, providing seamless connectivity throughout the Lexington MSA
• Recently Extended Lease Demonstrates Tenant Commitment Applebee’s recently extended its lease at the property, demonstrating its continued commitment to the location and confidence in the surrounding market
• Significant Tenant-Funded Renovations Tenant is investing approximately $100,000 into renovations and improvements at the property, further reinforcing its long-term commitment to the site
• Strong Surrounding Demographics More than 170,760 people reside within five miles of the property, with average household incomes of approximately $85,000 within the same radius