Lowest Cap Rate
5.25%
Lowest Cap Rate over past 24 months
Average Cap Rate
7.72%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
8.19%
Average Cap Rate over previous quarter
Overview
Applebee's is an American company which develops, franchises, and operates the Applebee's Neighborhood Grill + Bar restaurant chain. The Applebee's concept focuses on casual dining, with mainstream American dishes such as salads, chicken, pasta, and burgers. Applebee's restaurants feature a bar area and serve alcoholic beverages (except where prohibited by law). As of December 31, 2019, there were 1,787 restaurants operating system-wide in the United States and 15 other countries, including 69 that are company owned and 1,718 that are franchised. In 2007, IHOP Corp (now DineEquity) purchased the Applebee's chain for $2 billion.
Property & Lease
Sales Price Range$2,750,000 - $3,500,000
NOI Range$175,000 - $225,000
Building SF5,000
Lease Term20 Years
Escalations10% Every 5 Years
Stock SymbolNYSE:DIN
Credit Rating
S&PN/A
Moody'sN/A
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
6.38
6.85
6.97
6.29
N/A
7.91
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Tappahannock, VA8.94%
Greenwood, SC7.00%
Beaumont, CA7.91%
Top Consumer Traffic
Brick, NJ530,200
Brooklyn, NY522,900
Bangor, ME499,700
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
