Applebee’s | NNN Lease | Excellent Sales
98 Shaw Avenue, Clovis, CA 93612
Property Description
Price: $5,310,000
Land Area: ±33,976 Square Feet
Cap Rate: 5.75%
Gross Leasable Area: ±6,993 Square Feet
Year Built: 1985
Investment Highlights
Nationally Recognized Operator: Operated by a Subsidiary of Apple American Group (“AAG”), a Division of Flynn Restaurant Group | AAG is the Largest Applebee’s Franchisee With 440+ Locations and $1.3+ Billion in Annual Sales
The Subject Property is Ranked in the Top 10% for Applebee’s Traffic in California and Nationwide, According to Placer.ai | Contact Agent for More Details
Excellent Store Sales – 2024 Sales Exceeded $4,000,000 with 2025 Tracking for Further Sales Growth
Prime Retail Location with a Strong Operator
- Very Low Rent to Sales Ratio of 7.2% | Percentage Rent Provides an Opportunity for Additional Upside Through Continued Sales Growth
- Flynn Restaurant Group is the Nation’s Largest Franchisee Operator with Over 2,700 Locations, 75,000+ Employees, and Nearly $5 Billion in Annual Sales
- 200+ Feet of Frontage Along Shaw Avenue, a Major Retail Corridor with Traffic Counts Exceeding 45,000 Cars Per Day
- Less Than One Block from Sierra Vista Mall, a 78-Acre, 690,000+ Square Foot Regional Mall with Major Anchors Including Target, Kohl’s, and K1 Speed
- NNN Lease with Minimal Landlord Responsibilities | Ideal for Investors not Local to the Market
Strong Real Estate Fundamentals
- Proximity to Several Major Retailers such as Costco, Target, PetSmart, Marshalls, Planet Fitness, Grocery Outlet, Lowe’s, Home Depot, and Many More
- Outparcel to a CVS and Bowlero-Anchored Center, Creating Consistent and Complementary Daily Traffic Throughout the Afternoon and Evening
- Excellent Demographics – Average Household Income Exceeds $102,000 Within 5 Miles | Dense, Infill Area with More Than 340,000 Residents Within Five Miles
Contact Information
Ron Duong