Applebee’s

Applebee’s is a retail investment at 31653 Gratiot Ave in Roseville, MI 48066. The 6,091 SF property is 100% occupied, giving a buyer an occupied asset with a defined income stream rather than a vacant building to lease.

Built in 1995, the property sits on 1.46 acres and has 157 ft of frontage and 85 parking spaces. For a restaurant property, frontage and parking are central to how customers encounter and use the site. The site’s acreage also gives buyers a clear sense of the land associated with the building, while the gross leasable area establishes the scale of the occupied space. Together, these physical attributes frame the property as a single retail investment with both building and site characteristics to underwrite.

Applebee’s is offered for sale at an asking price of $3,833,000, with NOI of $230,000. For an investor, the acquisition case begins with income from a fully occupied property and a defined purchase price. The building size, frontage, parking and land area provide the physical context for that income, while the occupancy figure describes its current leasing position. This is an opportunity to acquire an occupied restaurant property with a measurable income stream and a site whose frontage and parking support its retail function.