Applebee's | Greer, SC

Investment Overview

Strong Tenant with Long-Term NNN Lease - Absolute NNN lease with approximately 8 years of term remaining and rent increases. This location ranks in the 73rd percentile in South Carolina according to Placer.ai. Experienced Multi-Unit Franchisee - Operated by Legacy Apple, the Applebee's operating subsidiary of Thrive Restaurant Group, an experienced multi-brand restaurant operator with a large multi-state portfolio and decades of expertise operating and expanding Applebee's restaurants throughout the Midwest and Southeast. Rapidly Growing Market - Located within the rapidly expanding Greenville-Spartanburg MSA, one of the Southeast’s strongest economic and population growth corridors, with Greer ranking among the fastest-growing cities in the United States. Excellent Visibility & Accessibility - Prominent frontage and convenient access along Wade Hampton Boulevard, a major connector between Greer and Greenville. High-Traffic Retail Corridor - Strategically positioned along Wade Hampton Boulevard, a dominant retail corridor with traffic counts exceeding 33,000 vehicles per day. Strong Surrounding Demographics - A dense surrounding population of more than 100,000 residents within a 5-mile radius is supported by average household incomes exceeding $105,000. Low Vacancy Submarket - The submarket maintains a low retail vacancy rate of 1.3% with no new construction currently underway, according to CoStar. Tenant Report Sales - Sales available upon request.