Marcus & Millichap Arranges $3.54 Million Sale of Applebee's Property in Surprise, Arizona

SURPRISE, Ariz., Aug. 28, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 5,103-square-foot Applebee's property for $3.54 million.

"The casual dining sector has faced challenges over the past several years, but the underlying real estate fundamentals of this property were exceptionally strong," said Chris Lind, senior managing director investments. "Its location at one of the busiest intersections in the Phoenix metropolitan area generated a competitive bidding process and ultimately delivered a result the seller was very pleased with."

Lind, Mark Ruble and Zack House, investment specialists in Marcus & Millichap's Phoenix office, represented the seller, a Delaware limited liability company, and procured the buyer, a California limited liability company, in the all-cash transaction.

The property is located at 13756 W. Bell Rd. Built in 2001, the restaurant sits on 0.79 acres and is occupied by Applebee's, one of the world's largest casual dining brands. The buyer plans to hold the property as a long-term investment.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.