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Restaurant

Applebee's | Kenosha

6950 75th Sreet, Kenosha, WI 53144

Listing Price: $2,100,000

Cap Rate
7.25%
Tenant Name
Applebee's
Years Remaining On Lease
19.4
Guarantor
Franchisee Guarantee
Rentable SF
5,276
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.86

Investment Overview

Marcus & Millichap is pleased to offer for sale a profitable and well operated Applebee’s Franchisee sale leaseback opportunity located in Kenosha, WI. This restaurant is located within the outparcel of a major shopping center with national anchor tenants including Menards, Bed Bath & Beyond, Kohls, Hobby Lobby, OfficeMax, Petco and several more. Additionally, surrounded by nationally recognized tenants which include: iHop, Panera Bread, Chili’s Grill & Bar, Cold Stone, McDonalds, Taco Bell, and several more. Ownership includes building and land; thus, ownership has ability for taxable deposition on the asset and management free income. This location is just off 75th Street Highway which has approx. 36,000 cars per day and 63,000 cars per day on the corner of Green Bay Rd & 75th Street.

Investment Highlights

  • 20 Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 1.50% Annually
  • Four (4) Tenant Renewals Periods of Five (5) Years Each
  • Guaranteed against Regional Applebee's Franchisee of 25+ Units
  • Traffic Exceeding: 36,000 Cars Per Day
  • Neighboring Tenants: Menards, Bed Bath & Beyond, Kohls, Hobby Lobby, OfficeMax, Petco, iHop, Panera Bread, Chili's Grill & Bar, Cold Stone, McDonalds, Taco Bell, and several more

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Listing Price: $2,100,000

Cap Rate
7.25%
Tenant Name
Applebee's
Years Remaining On Lease
19.4
Guarantor
Franchisee Guarantee
Rentable SF
5,276
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.86

Investment Highlights

  • 20 Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 1.50% Annually
  • Four (4) Tenant Renewals Periods of Five (5) Years Each
  • Guaranteed against Regional Applebee's Franchisee of 25+ Units
  • Traffic Exceeding: 36,000 Cars Per Day
  • Neighboring Tenants: Menards, Bed Bath & Beyond, Kohls, Hobby Lobby, OfficeMax, Petco, iHop, Panera Bread, Chili's Grill & Bar, Cold Stone, McDonalds, Taco Bell, and several more

Investment Overview

Marcus & Millichap is pleased to offer for sale a profitable and well operated Applebee’s Franchisee sale leaseback opportunity located in Kenosha, WI. This restaurant is located within the outparcel of a major shopping center with national anchor tenants including Menards, Bed Bath & Beyond, Kohls, Hobby Lobby, OfficeMax, Petco and several more. Additionally, surrounded by nationally recognized tenants which include: iHop, Panera Bread, Chili’s Grill & Bar, Cold Stone, McDonalds, Taco Bell, and several more. Ownership includes building and land; thus, ownership has ability for taxable deposition on the asset and management free income. This location is just off 75th Street Highway which has approx. 36,000 cars per day and 63,000 cars per day on the corner of Green Bay Rd & 75th Street.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

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