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1396 South Main Street
Adrian, MI 49221
Asking Price
Contact for price
Asset Type
Restaurant Retail
Class
Class B
What's Special
High-Performing Locations w/ Low Rent-to-Sales <p>Top Performing Applebee’s Locations (Low Rent-to-Sale Ratios: Kalamazoo 5.89%, Adrian 4.80%)</p><p></p><p>Zero Landlord Responsibility (10-year absolute net leases with four 5-year options)</p><p></p><p>Planned Applebee’s Greenhouse Remodel (2026 upgrades to enhance brand performance)</p><p></p><p>Tenant: TSFR Apple Venture which is owned by TEAM Schostak Family Restaurants | Award-Winning Operator Recognized as a USA Today Top Workplace</p><p></p><p>Built-In Rent Growth (10% increases e
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
