INVESTMENT OPPORTUNITY

SAB Capital is pleased to present Applebee’s in Seneca, SC. The lease features an absolute triple net lease with zero landlord responsibilities and 5 years remaining in the base term. It is guaranteed by Thrive Restaurant Group, a 170+ unit operator. The property boasts strong location fundamentals being situated on Bypass 123 which sees over 28,000 vehicles per day.

• Applebee’s in Seneca, SC | 7 Miles Northwest of Clemson University
• Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
• High Credit, Experienced Operator | Thrive Restaurant Group Operates 170+ Units
• High Performing Location | Healthy Rent-to-Sales Ratio, $3.9M In Sales (2023)
• Significant Lease Term Remaining | Tenant Recently Exercised 5-Year Option Through 2029
• High Relative Foot Traffic Among Local Applebee’s | 2nd Most Trafficked Location out of 27 in the State (Placer.ai)
• Lease Features 1.25% Annual Increases Through Base Term and Options | Hedge Against Inflation
• Located on a Highly Trafficked Thoroughfare | Over 28,000 Vehicles Per Day (VPD)
• National Retailers Located Nearby | Walmart, Starbucks, McDonald’s, and Many More