SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN leased, Applebee’s investment property located in Lansing, Michigan. The tenant, TSFR Apple Venture LLC, has approximately 3 years remaining on its lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. The Applebee’s is located near the signalized, hard-corner intersection of Edgewood Blvd and S Cedar St. The property is located right off of I-96, which averages over 51,800 vehicles passing by daily. S Cedar St is a major retail thoroughfare serving the city of Lansing. The Applebee’s is an outparcel to Cedar Street Shopping Center, a 69,000+ square foot center, which includes tenants such as Harbor Freight, Goodwill, and many more. The site is also directly across the street from a 200,000+ square foot Meijer grocery store, which is ranked 8th in the country (per Placer.AI). The property is in the center of a primary retail corridor with other nearby national/credit tenants including Target, Menard’s, Lowe’s Home Improvement, Kroger, Aldi, Panera Bread, Texas Roadhouse, and many more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 122,790 with an average household income of $77,848.