Encore Arranges $3.4 Million Sale of Applebee’s Location in Suburban Detroit

Roseville, Mich. — Encore Real Estate Investment Services has arranged the $3.4 million sale of a freestanding retail building leased to Applebee’s in Roseville, located 18 miles northeast of Detroit.

Logan McAnallen of Encore arranged the transaction on behalf of both the seller, a Flushing, Michigan-based private investment group, and the buyer, a private investor from Eldersburg, Maryland. Applebee’s had more than 10 years remaining on its lease at the time of sale.

Tagged under