Offered at $1,780,000, the subject Applebee’s property is an absolute NNN retail investment with an attractive 6.47% cap rate. The lease is guaranteed by RMH Franchise Holdings, Inc., a major Applebee’s franchise operator with 131 locations across 14 states, providing scale and operating strength behind the tenancy.
The property benefits from strong visibility and accessibility along N. Springboro Pike, a heavily traveled retail artery with approximately 31,049 vehicles per day, serving the Dayton Mall trade area and surrounding national retail/restaurant concentration. The immediate consumer base is deep and established, with approximately 66,545 residents within a 3-mile radius, 30,544 households, and estimated 2024 average household income of $100,631, supporting consistent traffic and long-term demand for casual dining in this corridor.
The asset offers investors a combination of strong going-in yield, brand recognition, guarantor support, and passive absolute-net lease terms, well-suited for buyers seeking dependable income with minimal landlord responsibilities.