Applebee’s Absolute NNN
For Sale
Contact for pricing
3700 Pine Grove Ave, Fort Gratiot Township, MI 48059
Sale-leaseback structure pairs an operating restaurant with an absolute triple-net lease and a proposed 15-year term.
Property SizeContact for details
Days on Market141
Property Features for 3700 Pine Grove Ave
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Signature Associates Southfield
(248) 799-3177
Listed By:
Bruce Baja · License #MI 6501279831
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 12:52PM
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 Signature Associates Southfield
Investment Insights
Based on property information with market context.
This conventional restaurant property is offered through a sale-leaseback structure with a proposed 15-year lease commitment. The absolute NNN arrangement assigns the tenant responsibility for real estate taxes, insurance, maintenance, and major capital replacements, including the roof, exterior walls, and structural components.
Constructed in 1996, the restaurant occupies a 1.61-acre parcel at 3700 Pine Grove Ave in Fort Gratiot Township. The site is near established residential neighborhoods and other national retail tenants, with the broader Port Huron area positioned along the St. Clair River and Lake Huron. The operating platform is associated with an Applebee’s franchisee that has worked with the brand since 2012 and operates more than 60 units.
Constructed in 1996, the restaurant occupies a 1.61-acre parcel at 3700 Pine Grove Ave in Fort Gratiot Township. The site is near established residential neighborhoods and other national retail tenants, with the broader Port Huron area positioned along the St. Clair River and Lake Huron. The operating platform is associated with an Applebee’s franchisee that has worked with the brand since 2012 and operates more than 60 units.
Key Highlights
- 1.61‑acre restaurant parcel at 3700 Pine Grove Ave, Fort Gratiot Township, MI 48059
- Constructed in 1996 and described as well‑maintained
- Proposed 15‑year sale‑leaseback commitment
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
207k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 39%
Groceries 17%
Beauty & Spa 1%
Kroger
Groceries
35,569 visits/mo
0.4 miles
Taco Bell
Dining
14,638 visits/mo
0.5 miles
Burger King
Dining
14,131 visits/mo
0.2 miles
Applebee's
Dining
13,931 visits/mo
0.0 miles
Tim Hortons
Dining
13,744 visits/mo
0.2 miles
Demographics for 48059, MI
15,319
Population
7,324
Households
2.1
Avg Household Size
47
Median Age
30%
College-Educated
94%
High-School Grad
31.7 sq mi
ZIP Area
483
Density / Sq Mi
$78,841
Median Household Income
$44,716
Median Earnings
$956
Median Rent
$199,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Sale-leaseback structure pairs an operating restaurant with an absolute triple-net lease and a proposed 15-year term.
Where is this conventional restaurant located?
The property is located at 3700 Pine Grove Ave Fort Gratiot Township, MI.
What are key features of this property?
This property features: 1.61‑acre restaurant parcel at 3700 Pine Grove Ave, Fort Gratiot Township, MI 48059; Constructed in 1996 and described as well‑maintained; Proposed 15‑year sale‑leaseback commitment
