Business for Sale in Kalamazoo, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Kalamazoo, MI 49009

Description

Marcus & Millichap presents Applebee’s Neighborhood Grill and Bar, a single-tenant absolute net lease investment located at 5330 West Main Street in Kalamazoo, Michigan. The 5,621-square-foot freestanding restaurant is situated on a prominent outlot within Maple Hill Pavilion, a Target-anchored retail center and one of the area’s most established shopping destinations. The property is positioned on a 1.16-acre parcel and offers strong visibility and exposure along West Main Street, a primary retail corridor serving the Kalamazoo market. The tenant has operated continuously at this location since September 2012, demonstrating long-term commitment and durability within the trade area. This Applebee’s location is a high-performing site positioned within a dominant retail corridor. The property benefits from traffic counts of approximately 28,259 vehicles per day along West Main Street and ranks within the top 9 percent statewide and top 11 percent nationally, according to Placer.ai. Store-level performance is further supported by a low 5.89 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 employe

Market Context

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

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