Applebee’s – Kalamazoo, MI | Sale-Leaseback | High-Performing Location w/ Low Rent-to-Sales Ratio | Remodel Planned for 2026

Investment Highlights

Key Property Highlights

• High Performing Location Ranking Top 9% Statewide & Top 11% Nationwide per Placer.ai Data
• 2026 Planned Applebee’s Greenhouse Remodel: Updated Branding, Enhanced Façade & Entry, Modernized Interiors, Upgraded Seating & Bar Areas, To Go Concept, & Site & Parking Lot Improvements
• Low Rent‑to‑Sales Ratio: 5.89% Supporting Long‑Term Store Performance
• 10-Year Absolute Net Sale-Leaseback
  10% Rent Increases Every Five Years & in Options
• Tenant: TSFR Apple Venture which is owned by TEAM Schostak Family Restaurants | Award‑Winning Operator Recognized as a USA Today Top Workplace for the Fifth Consecutive Year
• Prime Outlot In Target Anchored Center Situated On A 1.16 Acre Lot
• Excellent Visibility Along West Main Street (28,259 VPD)
• Easy Access to Highway: US‑131 (55,082 VPD)
• Retail Trade Corridor: Walmart Supercenter, Meijer, Menards, Lowe’s, Kohl’s, and Aldi, & Many Others
• Home to Western Michigan University’s approximately 16,343 students & Bronson Methodist Hospital and Beacon Kalamazoo Hospital.
• Strong Demographics: 109,321 Residents within a 5-Mile Radius & $89,377 Average Household Income