Applebee's Absolute NNN
For Sale
Contact for pricing
Pending
1272 E Yosemite Ave, Manteca, CA 95336
Absolute NNN leased Applebee’s with franchisee-guaranteed terms and a brand new 20-year lease.
Property SizeContact for details
Days on Market149
Property Features for 1272 E Yosemite Ave
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Apr 10
Changed: Aug 27
Last Checked: Sep 4 at 11:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
SRS National Net Lease Group presents the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN leased Applebee’s investment property. The property is described as franchisee guaranteed and includes a brand new 20-year lease to be executed at the close of escrow (sale leaseback), with four (4) additional option periods of five (5) years each. The lease calls for 10% rental increases every five years and at the beginning of each option period.
The lease is structured as absolute NNN with zero landlord responsibilities. The restaurant will be operated by Apple Cal, LLC, a 13-unit division of SSCP Management, Inc., which is reported to generate $43MM in annual revenue. The site is positioned near the hard corner intersection of East Yosemite Avenue and Spreckles Avenue and is described as just off State Highway 99 with convenient on/off-ramp access. A monument sign provides visibility on East Yosemite Avenue.
The property is identified as an outparcel to a Walmart-anchored shopping center, with crossover traffic. The remarks also note nearby national and credit tenants including Home Depot, Grocery Outlet, Food4Less, T.J. Maxx, Pier 1, and Staples.
The lease is structured as absolute NNN with zero landlord responsibilities. The restaurant will be operated by Apple Cal, LLC, a 13-unit division of SSCP Management, Inc., which is reported to generate $43MM in annual revenue. The site is positioned near the hard corner intersection of East Yosemite Avenue and Spreckles Avenue and is described as just off State Highway 99 with convenient on/off-ramp access. A monument sign provides visibility on East Yosemite Avenue.
The property is identified as an outparcel to a Walmart-anchored shopping center, with crossover traffic. The remarks also note nearby national and credit tenants including Home Depot, Grocery Outlet, Food4Less, T.J. Maxx, Pier 1, and Staples.
Key Highlights
- Applebee’s investment with franchisee‑guaranteed absolute NNN lease structure (land & building ownership).
- Tenant to execute a brand new 20‑year lease with 4 (5‑year) option periods at close of escrow (sale leaseback).
- Lease includes 10% rental increases every 5 years and at the beginning of each option period.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95336, CA
47,281
Population
16,889
Households
2.8
Avg Household Size
39
Median Age
16%
College-Educated
85%
High-School Grad
38.3 sq mi
ZIP Area
1,234
Density / Sq Mi
$86,411
Median Household Income
$45,653
Median Earnings
$1,774
Median Rent
$522,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Absolute NNN leased Applebee’s with franchisee-guaranteed terms and a brand new 20-year lease.
Where is this conventional restaurant located?
The property is located at 1272 E Yosemite Ave Manteca, CA.
What are key features of this property?
This property features: Applebee’s investment with franchisee‑guaranteed absolute NNN lease structure (land & building ownership).; Tenant to execute a brand new 20‑year lease with 4 (5‑year) option periods at close of escrow (sale leaseback).; Lease includes 10% rental increases every 5 years and at the beginning of each option period.
