1401 Dell Range Blvd Cheyenne, WY 82009

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.