STREAM Capital Partners > Properties > All Properties > Applebee’s Neighborhood Bar and Grill

Applebee’s Neighborhood Bar and Grill

Net Lease

543 East Round Grove Road, Lewisville, Texas
Ownership Type:
Owner/User
Price:
$3,650,565
Cap Rate:
6.55%
Current Rent:
$239,112
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 8+ years
Renewal Options:
Four, 5-Year
Building Sq. Ft.:
5,911 SF
Rent Increases:
8% bump in July 2029, then the greater of 10% or 95% of market rent at each option.
Site Size:
1.14 Acres

Investment Highlights

  • Zero Landlord Responsibilities: Absolute NNN lease with over 8 years remaining, requiring minimal landlord involvement as the tenant covers insurance, taxes, and maintenance expenses.
  • Strong Franchisee: Apple Texas Restaurants operates over 80 Applebee’s locations and is a subsidiary of SSCP Management, a proven multi-brand operator with over 500 units, including CiCi’s Pizza, Corner Bakery, Roy’s Fine Dining, and Sonic.
  • Hedge Against Inflation: 8% rent increase in July 2029, with 10%+ bumps scheduled at each option.
  • Large Lot Size: Property benefits from large lot size of 1.14 acres.
  • Booming Market: The Dallas-Fort Worth (DFW) metroplex had the largest population growth in the United States in 2023. Within five miles of the site, the average household income is $116,639, reflecting a strong consumer base.
  • Ideal Location: Prime signalized corner location with full visibility off E Round Rd (40K vehicles per day), just off major highway I-35, ensuring high traffic exposure.
  • Nearby National Retailers: Additional national retailers in the area include Target, Walmart, Kroger, Chick-fil-A, Starbucks, and Home Depot.
  • Shopping Mall Redevelopment: The Vista mall will undergo a $200 million redevelopment, transforming it into a vibrant mixed-use destination featuring multifamily, office, retail, and entertainment. Additionally, a $32 million bond project has been approved to fund critical infrastructure improvements at the current mall site, paving the way for this exciting transformation.
Ownership Type:
Owner/User
Price:
$3,650,565
Cap Rate:
6.55%
Current Rent:
$239,112
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 8+ years
Renewal Options:
Four, 5-Year
Building Sq. Ft.:
5,911 SF
Rent Increases:
8% bump in July 2029, then the greater of 10% or 95% of market rent at each option.
Site Size:
1.14 Acres

Listing Agents

Adam English

Managing Director
256.694.9803[email protected]

Dorothy Lee

Vice President
626.236.3823[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

Broker of Record: Kyler Bean TX Lic#: 646910

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