Activity ID: Y0140284

Representative Photo

7818 Rivers Avenue North Charleston, SC 29406

Activity ID: Y0140999

DTLA RETAIL GROUP

Investment Highlights

Marcus & Millichap is pleased to present an Applebee’s located at 7818 Rivers Avenue in Charleston, South Carolina. There are over 18 years remaining on the absolute triple-net lease, which has no landlord responsibilities whatsoever. The lease is guaranteed by New Apple Inc. a 41-unit operator.

The tenant is an affiliate of Apple Gold Group, one of the largest Applebee’s franchisees with over 133 locations throughout North Carolina, South Carolina, Georgia, Kentucky, Indiana, and Arkansas with system wide revenues exceeding $225,000,000 in Sales. The tenant recently executed a 15-Year lease extension demonstrating their strong commitment to this location.

The property is situated along Rivers Avenue, the area’s major retail thoroughfare. It benefits form a very high visibility being in a signalized intersection and located immediately across the street from the entrance to Northwoods Mall, a 130-store regional 833,333 square foot shopping mall.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap - Y0140999

Investment Highlights & PROPERTY SUMMARY

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap - Y0140999

• Rentable SF….... 3,704 SF• Land Area…....... 1.06 AC• Year Built…........ 1998• Current Rent…... $210,000

• 18 Years Remaining on Absolute NNN Lease• One of the Largest Applebee’s Operator in the Applebee’s System• Tenant Executed a 15-Year Lease Extension Demonstrating a Strong

Commitment to the Site• Absolute NNN with Zero Landlord Responsibilities• Four, Five-Year Options with 7.5 Percent Rent Escalations• Hard Corner Signalized Intersection With Over 50,000 Vehicles Per Day

DTLA RETAIL GROUP

AGENT CONTACTI N F O R M AT I O N

Armond Aivazyan AAivazyan@marcusmillichap.com (213) 943-1846 CA BRE# 01954384Yannis Papadakis YPapadakis@marcusmillichap.com (213) 943-1827 CA BRE# 01957169

Yacine Lakhoua YLakhoua@marcusmillichap.com (213) 943-1783 CA BRE# 01921881

Site Photos

Actual Site

Actual Site

DTLA RETAIL GROUP

LOCATION

Walgreen’s

Jimmy John’s

Pricing Summary

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any in-accuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap - Y0140999

PRICE $3,500,000

LEASE SUMMARY

Capitalization Rate Net Operating Income Total Rentable Area Lot Size (Acres)

Tenant Trade NameInitial Lease TermGuaranteed Term RemainingLease TypeLease GuarantorRoof and Structure ResponsibilityLease Commencement DateExpiration Date

6.00%$210,0003,704 SF

1.06 Acres

Applebee’s20 Years18 Years

NNN - Absolute Triple NetFranchisee

Tenant Responsible4/1/2004

11/30/2035

Representative Photo

DTLA RETAIL GROUP

LOCATION

ABOUT CHARLESTON, SC

Charleston is the oldest and largest city in the U.S. state of South Carolina, the county seat of Charleston County, and the principal city in the Charleston–North Charleston–Summerville Metropolitan Statistical Area. The city lies just south of the geographical midpoint of South Carolina’s coastline and is located on Charleston Harbor, an inlet of the Atlantic Ocean formed by the confluence of the Ashley and Cooper rivers. Charleston had an estimated population of 134,385 in 2016. The estimated population of the Charleston metropolitan area, comprising Berkeley, Charleston, and Dorchester counties, was 761,155 residents in 2016, the third-largest in the state and the 78th-largest metropolitan statistical area in the United States.

Known for its rich history, well-preserved architecture, distinguished restaurants, and mannerly people, Charleston is a popular tourist destination and has received a large number of accolades, including “America’s Most Friendly City” by Travel & Leisure in 2011 and in 2013 and 2014 by Condé Nast Traveler, and also “the most polite and hospitable city in America” by Southern Living magazine. In 2016, Charleston was ranked the “World’s Best City” by Travel & Leisure

DEMOGRAPHICS

• 3 Mile Radius Population: 70,539 People• 3 Mile Radius Avg HH Income: $60,558

+10.54% Growth (2017-2022)

• 5 Mile Radius Population: 157,395 People• 5 Mile Radius Avg HH Income: $60,558

+10.54% Growth (2017-2022)

TENANT OVERVIEW

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap - Y0140999

APPLEBEESOVERVIEW

With more than 2,000 restaurants in 50 states, Puerto Rico and 16 countries around the world, Applebee’s is one of the world’s largest Casual Dining brands. Founded in 1980 in Atlanta, Georgia by Bill and T.J. Palmer, Applebee’s offers classic bar-and-grill menu items featuring higher-quality ingredients and premium preparation techniques, reasonable prices, and quality service in a neighborhood setting. Today, we are building upon this heritage and further differentiating Applebee’s to maintain the brand’s position at the top of the Casual Dining segment. We expect to generate sustainable same-restaurant-sales momentum for the Applebee’s brand by significantly increasing the effectiveness of Applebee’s marketing efforts, making meaningful improvements to the operational performance of our restaurants, and continuously introducing fresh, innovative dishes for our guests to enjoy.

Apple Gold Group is one of the original five Applebee’s Franchisees and was founded in 1984. It was developed to operate Applebee’s restaurants in North Carolina, opening its first Neighborhood Grill and Bar in Cary, North Carolina in 1985. Three decades later, the company has expanded its territory operating over 130 restaurants across 7 states (North Carolina, South Carolina, Georgia, Kentucky, Indiana, Oklahoma and Arkansas). Headquartered in Raleigh, NC, the support center is home to support teams: Accounting, Human Resources, Finance, Development, Marketing and Operations. These teams work in conjunction with our restaurant teams to support the success of our operations.

Company:

No. of RetailLocations:

No. of Employees:

Headquartered:

Stock Symbol:

Website:

Applebee’s International, Inc.

2,000

33,543

Kansas City, MO

DIN

www.applebees.com

Company Profile

CONFIDENTIALITY & DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to

provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the

income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained

herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or com-pleteness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any

agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

NET LEASED DISCLAIMER

Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoev-er about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obli-gation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future suc-cess. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regard-less of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

7818 Rivers Avenue North Charleston, SC 29406

Representative Photo Activity ID: Y0140999

AGENT CONTACTI N F O R M AT I O N Armond Aivazyan AAivazyan@marcusmillichap.com (213) 943-1846 CA BRE# 01954384

Yannis Papadakis YPapadakis@marcusmillichap.com (213) 943-1827 CA BRE# 01957169

Yacine Lakhoua YLakhoua@marcusmillichap.com (213) 943-1783 CA BRE# 01921881

DTLA RETAIL GROUP