APPLEBEE'S PORTFOLIO

Broker of Record – KS
Hal Hanstein
License No. 2000147245
Broker of Record
Tiffany Ruzicka
License No. SP00226115
*Units can be sold separately. Contact broker for details.

Long-Term Security & Improving Future Cash Flows

• 11.75 years remaining on an absolute NNN lease – Zero landlord responsibilities
• Rare 10% rental increases every 5 years; Next increase is scheduled for July 1, 2018
• Extremely rare corporate guaranty (see broker for details)
• Strong franchisee operating team in Apple Central, LLC (56 Applebee’s locations)
• Apple Central, LLC is a wholly owned subsidiary of American Franchise Capital who currently operates 56 Applebee’s restaurants and 27 Taco Bell restaurants

High Trafficked Retail Corridor

• Operating benefits from strong visibility and identity along W. 135th St which has traffic counts in excess of 30,000 cars per day
• Applebee’s sits adjacent to Kohl’s and is within close proximity to major national retailers such as Walmart, Lowe’s, Academy Sports, Starbucks, Petco, Hobby Lobby, CVS and Bank of America to name a few
• Population within a 3-mile radius of over 109,000 and average household income in excess of $91,000
• Population within a 5-mile radius of over 211,000 and average household income in excess of $101,000

Strong National Brand – #1 Casual Dining Chain Worldwide

• 100% leased to national tenant, Applebee’s, a subsidiary of DineEquity, Inc. (NYSE:DIN)
• Applebee’s is the largest casual-dining restaurant chain in the world with over 2,010 Applebee’s Neighborhood Grill & Bar locations in 49 states and nearly 20 countries