3315 S US Highway 17/92 - Restaurant FOR SALE


Casselberry, FL 32707
$3,619,368 USD
847-562-0003
3315 S US Highway 17/92, Casselberry, FL for Sale
$3,619,368 USD
Restaurant - FOR SALE
1/3
null | 6.85% Cap Rate

3315 S US Highway 17/92
Casselberry, FL 32707


HIGHLIGHTS

  • Positioned within the Orlando MSA – Ranked #21 in the United States for population size
  • Publix outparcel
  • Income tax free state
  • Established operating history since 2013
  • Over 8 years remain on the primary lease term
  • Located along US Highway 17-92 (53,000 VPD) & proximity to Semoran Blvd (69,500 VPD)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Applebee’s property positioned within the Orlando MSA in Casselberry, Florida. Applebee’s has successfully operated at this location since 2013 on a lease through October 2033. The subject lease is absolute triple net and features no landlord responsibilities. There are 1% annual rental escalations throughout the primary term and six 5-year renewal options. The franchisee, Neighborhood Restaurant Partners, is an established tenant that operates over 100 restaurant locations across Florida, Georgia, and Alabama. The 5,333 square-foot building is situated on an outparcel of a Publix-anchored shopping center. The property bene?ts from visibility along US Highway 17-92, which sees over 53,000 vehicles per day, and is also within proximity to Semoran Boulevard, with a traffic count of 69,500 vehicles per day. Nearby retails that draw continual traffic through the corridor include The Home Depot, Target, Publix, Starbucks, Wawa, Culver’s, PetSmart, Truist Bank, and many others. The property is also less than a few minutes from Lyman High School which has over 2,000 students enrolled. The population with a ?ve-mile radius includes over 277,000 people and a six-?gure average household income of $113,270. Applebee’s is a leading American casual dining restaurant chain owned by Dine Brands Global, Inc. (NYSE: DIN). Founded in 1980 in Decatur, Georgia, by Bill and T.J. Palmer, Applebee’s has grown into one of the largest full-service restaurant brands in the United States and internationally. As of 2025, the brand operates over 1,500 locations across the U.S. and in various global markets, primarily through a franchise model.

FOR SALE DETAILS

PRICE

$3,619,368 USD

PRICE/SF

$679 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

Commercial

APN/PARCEL ID

08-21-30-527-0000-0010

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.