Restaurant

Applebee's | Oak Creek

7135 South 13th Street, Oak Creek, WI 53154

Listing Price: $2,109,606

Cap Rate
6.75%
Tenant Name
Applebee's
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
4,787
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.48

Investment Overview

Marcus & Millichap is pleased to offer for sale a profitable and well operated Applebee’s Franchisee sale leaseback opportunity located in Oak Creek, WI. This restaurant is located on a signalized hard corner of Rawson Ave & South 13th Street and surrounded by Dense Demand Generators such as Industrial & Warehouse Manufacturing Facilities along with Nationally Recognized Hotel La Quinta Inn & Suites by Wyndham Hotels. Ownership includes building and land; thus, ownership has ability for taxable deposition on the asset and management free income. This location is a signalized hard corner with traffic counts exceeding 40,000 cars per day with a Dense Demographic of more than 60,000 people.

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
  • Neighboring Tenants: La Quinta Inn & Suites and Industrial & Warehouse Manufacturing Facilities

Exclusively Listed By

  • Neil Naran

    Associate

    Email Neil

    License(s): CA: 02025512

    Newport Beach

Broker of Record

  • Todd Lindblom

    Regional Manager

    License(s): WI: 56163-90

    Wisconsin

Listing Price: $2,109,606

Cap Rate
6.75%
Tenant Name
Applebee's
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
4,787
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.48

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
  • Neighboring Tenants: La Quinta Inn & Suites and Industrial & Warehouse Manufacturing Facilities

Investment Overview

Marcus & Millichap is pleased to offer for sale a profitable and well operated Applebee’s Franchisee sale leaseback opportunity located in Oak Creek, WI. This restaurant is located on a signalized hard corner of Rawson Ave & South 13th Street and surrounded by Dense Demand Generators such as Industrial & Warehouse Manufacturing Facilities along with Nationally Recognized Hotel La Quinta Inn & Suites by Wyndham Hotels. Ownership includes building and land; thus, ownership has ability for taxable deposition on the asset and management free income. This location is a signalized hard corner with traffic counts exceeding 40,000 cars per day with a Dense Demographic of more than 60,000 people.

Exclusively Listed By

  • Neil Naran

    Associate

    Email Neil

    License(s): CA: 02025512

    Newport Beach

Broker of Record

  • Todd Lindblom

    Regional Manager

    License(s): WI: 56163-90

    Wisconsin

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