Applebee’s

1360 Whiskey Road | Aiken | SC Back to Properties


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Property Highlights

    • Attractive Rent Escalations: 1.75% annual rent increases throughout the initial term
    • Ideally positioned on a hard corner at the intersection of Colony Parkway and Whiskey Road (Traffic Count: 22,400 VPD)
    • Absolute NNN Lease: No landlord responsibilities
    • Dominant Retail Corridor: 4.1 MSF o retail within a 3-mile radius
    • Tenant: Applebee’s Restaurants Mid-Atlantic, LLC, a subsidiary of Dine Brands Global which currently has a market cap of $1.51B

Property Details

  • Price: $3,550,000
  • Transaction Type: For Sale
  • Property Type: Retail
  • Building Size: 4,298 SF
  • Lot Size: .92 AC
  • Cap Rate: 6.20%
  • Lease Term 12 years

Property Description

Applebee’s has been operating at this location for over 24.5 years and has 12 years of primary lease term remaining. The property is ideally positioned on a hard corner at the intersection of Colony Parkway and Whiskey Road (Traffic Count: 22,400 VPD), which serves as one of the area’s heaviest travelled thoroughfares. The property is also situated as an outparcel to the recently renovated South Park Shopping Center which is anchored by The Fresh Market (Opened in March 2013) and Party City.

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Financial Summary (Actual - )

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