2442 W Kettleman Lane Lodi, CA 95242

Listing agency The Kase Group j***@thekasegroup.com Show Phone

Listed by Jacob Abusharkh · License #CA 01385529

Source Crexi

Added: Apr 10 Updated: Jul 22 at 5:38PM Checked: Jul 22 at 5:38PM

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Investment Insights

Based on property information with market context.

This is a fee simple, absolute NNN leased Applebee’s restaurant offering with over eight years remaining on the initial 15-year lease term. The lease includes rent increases of 10% every five years, with increases carrying through the options to renew.

The tenant is Apple NorCal LLC, a subsidiary of Apple American Group, which operates Applebee’s restaurants nationwide. The property is described as being located on a high-traffic commercial thoroughfare and is surrounded by major retail including Starbucks, Lowe’s, Target, Walmart, and Marshalls.

Key Highlights

• Fee simple interest in an absolute NNN leased Applebee’s restaurant
• Over 8 years remaining on the initial 15‑year lease term
• Lease includes rent increases of 10% every five years, carried through renewal options

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FAQs

What type of property is this?

Conventional restaurant - Fee simple Applebee’s with absolute NNN lease featuring 10% rent increases every five years.

Where is this conventional restaurant located?

The property is located at 2442 W Kettleman Lane Lodi, CA.

What are key features of this property?

This property features: Fee simple interest in an absolute NNN leased Applebee’s restaurant; Over 8 years remaining on the initial 15‑year lease term; Lease includes rent increases of 10% every five years, carried through renewal options