• 8+ years remaining with 6 (5-year) option periods to extend • The lease features 1% rental increases annually throughout the initial term and each option period • The lease is guaranteed by Neighborhood Restaurant Partners, a 100+ unit franchisee • Applebee’s franchise operations consisted of 1,567 Applebee’s restaurants in the United States and 47 company-operated U.S restaurants as of December 29, 2024