April 23, 2025 – Jack Collins of Horvath & Tremblay has successfully completed the sale of an Applebee’s in Saginaw, Texas. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $3,500,000.
Applebee’s is located at 945 N Saginaw Boulevard in Saginaw, Texas. This was a sale-leaseback of a free-standing single tenant Applebee’s consisting of a single-story 4,592 square foot building on a 1.15-acre parcel. Applebee’s has been operating at this location for over 13 years (since 2011) and signed a new 15-year Absolute NNN Lease, with four (4), 5-year renewal options upon the close of escrow. The lease calls for attractive 10% rent increases every five years throughout the base term and at the beginning of each renewal option. Applebee’s is well located along N Saginaw Boulevard (US Route 287 BUS), one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding frontage, visibility, and access and is close to national and local retailers, large industrial complexes, and warehouses, all of which drive traffic to the area. Applebee’s is also surrounded by densely populated residential neighborhoods and several area schools that provide a built-in and captive customer base. Saginaw’s is located adjacent to the junction of Interstates 820 and 35W and provides outstanding access to Downtown Fort Worth 8-miles to the south. Saginaw’s proximity to Fort Worth has facilitated its growth as a sought-after and growing residential community.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.