Tenant Profiles

Applebee’s

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02/29/2024 By B+E

Applebee's

applebees.com | Dine Brands Global, Inc.

14
Number on Market

$3.1M
Average Price

6.9
Average Remaining Term (Years)

6.79%
Average Cap Rate

Applebee's Tenant Overview

Applebee’s, founded in 1980, is an American casual dining restaurant chain with over 1,500 locations in North America. Headquartered in Glendale, California, the company operates and franchises restaurants that offer affordable meals, drinks, and desserts. Applebee’s corporate expansion strategy has contributed to its success as one of the largest casual dining chains in the country. The company has plans to open new locations and remodel existing restaurants to improve the customer experience.

Applebee’s high sales volume, large store count, and affordable menu items make it a desirable tenant in the net lease market. In addition to offering high-quality dishes and drinks, the company sells popular products from trusted manufacturers such as Coca-Cola, PepsiCo, and Budweiser.

Tenant Data:

Company	Applebee's
Ownership	Public
Headquarters	Glendale, California
Ticker	NYSE: DIN
Credit Rating	B+ (S&P)
Annual Revenue	$909.4M (2022)
Locations (North America)	± 1,678
Regions	Global
Website	applebees.com

Average Applebee's Info
Number on Market	14
Average Price	$3,086,918
Average Remaining Term	6.9 Years
Average Cap Rate	6.79%
Average NOI	$210,432
Average PPSF	$630
Average Building SF	4,938 SF
Average Lot Size	1.26 AC
AS OF 02/01/2024