This Applebee’s + IHOP dual branded restaurant is a first-of-its-kind in the region, located in the heart of Chico’s retail corridor and backed by a 20-year lease with no landlord responsibilities. The property delivers a 6.25% cap rate with annual rent escalations and sits within a 100K+ population trade area anchored by CSU Chico. This is a rare chance to invest in an evolving national concept backed by a strong franchise operator and long-term lease security.