Applebee's Restaurant For
For Sale
Contact for pricing
1401 Dell Range Blvd, Cheyenne, WY 82009
Freestanding retail building 100% leased to Applebee's.
Property Size5,685 SF
Price / SF$747.58
Days on Market159
Property Features for 1401 Dell Range Blvd
General Information
Standard status
Active
Size
5,685 SF
Property subtype
Retail, Multifamily
Building Details
Year Built
1992
Listing Agency:
CBRE - Fort Collins
(970) 372-3858
Listed By:
Steve Stoecker · License #CO 100053286
Source:
Crexi
Added: Mar 18
Changed: Jul 10
Last Checked: Aug 22 at 10:10AM
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 CBRE - Fort Collins
Investment Insights
Based on property information with market context.
This 5,685-square-foot freestanding retail facility, constructed in 1992, is 100% leased to Applebee's. Applebee's has occupied the site since its inception. The property is subject to an absolute triple-net lease with an expiration date of December 2032, inclusive of four five-year renewal options and contractual rent increases throughout both the initial term and option periods. The franchisee and lease guarantor, Flynn Group, is the world’s largest Applebee’s franchisee with 460 locations across 25 states. The property is located along Dell Range Boulevard, the primary retail corridor within the Cheyenne MSA, surrounded by major national retailers such as Dillard’s, Walmart, Target, Lowe’s, Kohl’s, JC Penney, Ross Dress for Less, Sam’s Club, and Hobby Lobby. The Applebee’s location benefits from its adjacency to the Frontier Mall, a 524,000-square-foot regional shopping destination drawing 2.9 million annual visits. The mall offers a diverse range of daily necessities, discount apparel, entertainment, and quick-service dining. The Cheyenne Applebee’s is a 15-minute drive north of downtown Cheyenne and 10 minutes from the regional airport. Applebee’s has over 1,500 restaurants across the United States and 11 other countries, operated by 53 franchisees as of December 31, 2024. The Applebee’s Cheyenne property is being offered free and clear of existing debt on an “as-is/where is” basis.
Key Highlights
- Absolute triple‑net lease with Applebee's, expiring in December 2032, including four (4) five‑year renewal options and contractual rent increases.
- Lease is guaranteed by Flynn Group, the world’s largest Applebee’s franchisee with 460 locations.
- Located adjacent to the Frontier Mall, a 524,000‑square‑foot regional shopping destination with 2.9 million annual visits.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 82009, WY
35,700
Population
15,361
Households
2.3
Avg Household Size
44
Median Age
41%
College-Educated
96%
High-School Grad
1,277.8 sq mi
ZIP Area
28
Density / Sq Mi
$102,727
Median Household Income
$57,157
Median Earnings
$1,106
Median Rent
$415,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- China Buffet — 1958 Dell Range Blvd, Cheyenne, WY 82009
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding retail building 100% leased to Applebee's.
Where is this conventional restaurant located?
The property is located at 1401 Dell Range Blvd Cheyenne, WY.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Absolute triple‑net lease with Applebee's, expiring in December 2032, including four (4) five‑year renewal options and contractual rent increases.; Lease is guaranteed by Flynn Group, the world’s largest Applebee’s franchisee with 460 locations.; Located adjacent to the Frontier Mall, a 524,000‑square‑foot regional shopping destination with 2.9 million annual visits.
