Applebee's 3315 S US Highway 17/92 5,333 SF Retail Building Casselberry, FL 32707 $4,984,992 CAD ($934.74 CAD/SF) 6.85% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Applebee’s property positioned within the Orlando MSA in Casselberry, Florida. Applebee’s has successfully operated at this location since 2013 on a lease through October 2033. The subject lease is absolute triple net and features no landlord responsibilities. There are 1% annual rental escalations throughout the primary term and six 5-year renewal options. The franchisee, Neighborhood Restaurant Partners, is an established tenant that operates over 100 restaurant locations across Florida, Georgia, and Alabama.
The 5,333 square-foot building is situated on an outparcel of a Publix-anchored shopping center. The property bene?ts from visibility along US Highway 17-92, which sees over 53,000 vehicles per day, and is also within proximity to Semoran Boulevard, with a traffic count of 69,500 vehicles per day. Nearby retails that draw continual traffic through the corridor include The Home Depot, Target, Publix, Starbucks, Wawa, Culver’s, PetSmart, Truist Bank, and many others. The property is also less than a few minutes from Lyman High School which has over 2,000 students enrolled. The population with a ?ve-mile radius includes over 277,000 people and a six-?gure average household income of $113,270.
Applebee’s is a leading American casual dining restaurant chain owned by Dine Brands Global, Inc. (NYSE: DIN). Founded in 1980 in Decatur, Georgia, by Bill and T.J. Palmer, Applebee’s has grown into one of the largest full-service restaurant brands in the United States and internationally. As of 2025, the brand operates over 1,500 locations across the U.S. and in various global markets, primarily through a franchise model.