Business for Sale in Adrian, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Adrian, MI 49221

Description

Marcus & Millichap is pleased to present Applebee’s Neighborhood Grill and Bar, a single-tenant restaurant located at 1396 South Main Street in Adrian, Michigan. The property is situated within the Adrian Crossroads Plaza area, a long-established retail destination serving the greater Lenawee County submarket. The offering consists of a 6,133-square-foot freestanding building positioned on a 0.79-acre parcel with direct frontage and strong visibility along South Main Street, one of Adrian’s primary commercial corridors. The tenant has operated continuously at this location since September 2012, demonstrating long-term commitment and durability within the market. This Applebee’s location is a high-performing site positioned within a dominant retail corridor, supported by a combined traffic count of approximately 35,220 vehicles per day along South Main Street and US 223. According to Placer.ai traffic data, the location ranks within the top 2 percent statewide and top 4 percent nationwide. Store-level performance is further supported by low 4.80 percent rent-to-sales ratio, providing meaningful operating cushion and reinforcing the long-term sustainability of the site. Applebee’s is one of the world’s largest casual dining brands, operating approximately 1,600 restaurants across the United States, two U.S. territories, and 11 international markets. The brand is franchised by subsidiaries of Dine Brands Global Inc. (NYSE: DIN), one of the world’s leading full-service restaurant companies. The subject property is operated by TSFR Apple Venture which is owned by TEAM Schostak Family Restaurants, a family-owned franchise operator headquartered in Livonia, Michigan, operating a substantial multi-brand portfolio statewide, including approximately 60 Applebee’s locations, 23 Olga’s Kitchen restaurants, and a growing MOD Pizza platform. TEAM Schostak has been recognized by USA Today as a Top Workplace for the fifth consecutive year, underscoring the strength, stability, and

Market Context

This food service in Adrian, MI is listed for sale. It has been on the market for 68 days. Compare it against other food service listings for sale in Adrian, MI — <a href="/search/sale/other/michigan/adrian">view the full market</a>.

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