As the COVID-19 pandemic shut down casual dining restaurants across the country, not everyone was in the same position to weather the storm.
"Some brands suffered" before the pandemic, says Randy Blankstein, president of the Boulder Group. "This is especially true for certain tenants, including Applebee's."
Applebee's experienced a 25-basis point increase in cap rates in the first quarter of 2020, according to The Boulder Group's Net Lease Casual Dining Report
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
