Applebee's Real Estate For Sale
Applebee's NNN Properties
Established in 1980, casual dining giant Applebee’s has long been one of America’s most loved franchises. Rising in popularity throughout the 1990s thanks to its affordable menu options, many reinventions later, Applebee’s continues to stride forward.
The chain has steadily been growing in popularity since 2018’s implementation of a “back to basics” strategy, leading to a strong cross-State comeback that has put convenience and inexpensiveness back on the menu. Applebee’s sales rose over 5.5% in the first nine months of 2018, making for the strongest sales performance in over 25 years.
Back in 2019, the chain’s parent company Dine Brands Global posted a Q4 net income of $27.4 million, a 1.5% increase from the year-ago quarter.
Despite the innumerable and reasonably unexpected challenges faced by the hospitality industry during 2020, Applebee’s has also found a way to make the most out of an uncomfortable situation by embracing agility and innovation, pushing the more profitable social catering model and adding new exciting items to drive value and boost customer acquisition.
So, where does all this leave NNN investors in the year 2021?
Applebee's year-over-year comparable same-restaurant sales increased a whopping 11.9% for the first quarter of 2021, leading to plenty of reasonable optimism for the years ahead. And the chain is not slowing down anytime soon.
As the return to dining-in across the country fosters a predictable sales growth, real estate investors can look at an Applebee’s NNN investment with confidence. On top of meeting the pent-up demand for dining out options following the easing of Covid-19 restrictions, the brand is now also 100% committed to agile expansion and digital innovation, a move that will undoubtedly boost value and sales as well as location acquisition.
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