Applebee's | 7.00% CAP | NNN | Low Rent-to-Sales |… — Sale in Indio, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Indio, CA 92201

Photos

Applebee's | 7.00% CAP | NNN | Low Rent-to-Sales |… — Sale in Indio, CA, photo 1 of 3
Applebee's | 7.00% CAP | NNN | Low Rent-to-Sales |… — Sale in Indio, CA, photo 2 of 3
Applebee's | 7.00% CAP | NNN | Low Rent-to-Sales |… — Sale in Indio, CA, photo 3 of 3

Investment Figures

Cap rate
7.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Applebee's Grill + Bar located at 82894 CA-111 in Indio, California, within the heart of the Coachella Valley. The ±6,153-square-foot restaurant, built in 2014, sits on ±0.28 acres and is secured by an NNN lease with approximately 8 years remaining through February 2035, zero landlord responsibilities, and three (3) five-year renewal options extending potential occupancy through 2050. Annual base rent of $208,000 delivers a 7.00% cap rate, with scheduled 7.5% rent increases every five years providing built-in income growth. The lease features a very low rent-to-sales ratio, supporting long-term tenant affordability and occupancy stability, and is backed by a 22-unit franchisee guaranty from an experienced Applebee's operator. The property is positioned along Highway 111 (±20,936 VPD) near its intersection with Jackson Street (±16,044 VPD), with convenient access to Interstate 10 (±68,258 VPD) and proximity to the Indio Grand Marketplace, Food 4 Less, dd's Discounts, and Del Taco. The 3-mile trade area supports a population of 105,237 with an average household income of $100,160, and the broader Coachella Valley region is home to 450,000+ residents with an average household income of $108,613 and 14.4 million annual visitors. Major employers include Eisenhower Health, Desert Care Network, Agua Caliente Casinos, and College of the Desert. The Highway 111 corridor is experiencing active redevelopment, including the $3.5 million Indio Grand Marketplace renovation and the 20-acre Madison Pointe mixed-use project. Applebee's operates 1,600+ locations as part of Dine Brands Global (NASDAQ: APPB), one of the world's largest full-service restaurant companies. Investment Highlights: • NNN Lease with ±8 Years Remaining Through February 2035, Zero Landlord Responsibilities • Very Low Rent-to-Sales Ratio Supporting Long-Term Tenant Affordability and Sustainability • 7.5% Rent Increases Every 5 Ye

Market Context

This food service in Indio, CA is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Indio, CA — view the full market.

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