Applebee's Restaurant
For Sale
Contact for pricing
2105 Squirrel Rd, Auburn Hills, MI 48321
Restaurant property sits across from Oakland University with direct access to I-75.
Property SizeContact for details
Days on Market145
Property Features for 2105 Squirrel Rd
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
134,000 vehicles/day
Highway Access
Yes
Listing Agency:
Landmark Commercial Real Estate Services
(248) 488-2620
Listed By:
Louis J. Ciotti · License #MI 6501335264
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 3:31PM
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This restaurant property is located at 2105 Squirrel Rd in Auburn Hills, Michigan, immediately off I-75 and across from Oakland University. The surrounding commercial setting includes Macaroni Grill, TGI Friday’s, and Red Olive Coney Island, with a 178-unit multifamily development directly west and a redevelopment project to the south.
The lease provides for a 10% rent increase on 7/1/18 and 7/1/23, with a minimum 10% increase to the landlord during each of the four option periods. Team Schostak Family Restaurants operates 65 Applebee’s restaurants in Michigan, along with eight MOD Pizzas, five Del Tacos, and 25 Olga’s Kitchens. The tenant entity is TSFR Apple Venture, LLC, which owns all 65 Team Schostak Applebee’s units in Michigan.
Oakland University is directly across the street and has 1,700 dorms on campus. The university’s Meadowbrook Theatre holds 7,700 and presents 40-50 productions per summer.
The lease provides for a 10% rent increase on 7/1/18 and 7/1/23, with a minimum 10% increase to the landlord during each of the four option periods. Team Schostak Family Restaurants operates 65 Applebee’s restaurants in Michigan, along with eight MOD Pizzas, five Del Tacos, and 25 Olga’s Kitchens. The tenant entity is TSFR Apple Venture, LLC, which owns all 65 Team Schostak Applebee’s units in Michigan.
Oakland University is directly across the street and has 1,700 dorms on campus. The university’s Meadowbrook Theatre holds 7,700 and presents 40-50 productions per summer.
Key Highlights
- Immediately off I‑75, which carries 134,000 cpd
- Across the street from Oakland University
- Lease includes 10% increases on 7/1/18 and 7/1/23
Property Analytics
Property Profile
Current Use
Lease Details
134,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
103k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 90%
Electronics 6%
Shops & Services 3%
Hotels & Casinos 1%
McDonald's
Dining
20,605 visits/mo
0.3 miles
Starbucks
Dining
17,095 visits/mo
0.1 miles
Buddy's Pizza
Dining
15,465 visits/mo
0.5 miles
Applebee's
Dining
11,731 visits/mo
0.1 miles
Twin Peaks
Dining
9,477 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property sits across from Oakland University with direct access to I-75.
Where is this conventional restaurant located?
The property is located at 2105 Squirrel Rd Auburn Hills, MI.
What are key features of this property?
This property features: Immediately off I‑75, which carries 134,000 cpd; Across the street from Oakland University; Lease includes 10% increases on 7/1/18 and 7/1/23
