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

Investment Highlights

Key Property Highlights

• High‑Performing Location Ranking Top 2% Statewide & Top 4% 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
• 10-Year Absolute Net Sale-Leaseback
• 10% Rent Increases Every Five Years & in Options
  • Low Rent‑to‑Sales Ratio: 4.80% Supporting Long-Term Store Performance
• 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 positioned on a 0.79 acre parcel at the Adrian Crossroads Plaza, a 122,669 square foot retail center with national tenants including Harbor Freight Tools, Ross, Family Farm & Home, Michaels, Planet Fitness and Aaron’s.
• Excellent Visibility Along West Main Street & US 223 With a Combined Traffic Count of 35,220 VPD
• Retail Trade Corridor: Walmart Supercenter, Meijer, Lowe’s, ALDI, Dunham’s Sports, Hobby Lobby, Harbor Freight, & Tractor Supply Co
• Located within the City of Adrian, the county seat of Lenawee County
• Primary retail corridor serving the broader regional trade area