Applebee's Absolute NNN
1272 E Yosemite Ave Manteca, CA 95336
1272 E Yosemite Ave, Manteca, CA, 95336
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For Sale
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Pending
Absolute NNN leased Applebee’s with franchisee-guaranteed terms and a brand new 20-year lease.
Days on Market103
Property Features for 1272 E Yosemite Ave
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed by
Matthew Mousavi · License #CA 01732226
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 12:50AM Checked: Jul 21 at 12:50AM
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
Location Intelligence
Current Use by Public Records
Applebee's Grill + Bar
Restaurant
Similar For Sale Nearby
FAQs
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.
