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Applebee's-Dunkin Donuts (West Allis, WI)
2865 S 108th ST, West Allis, WI 53227
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Property Summary
  • Price: $4,074,545
  • CAP Rate: 5.50% 
  • Leasable Area: 8,000 SF
  • Status: Available
  • Lease Type: Triple Net (NNN)
  • Lease Term Remaining Tenant 1: 25 Years (Applebee's)
  • Lease Term Remaining Tenant 2: 4 Years (Dunkin Donuts)
  • Guarantee Tenant 1: Franchisee of 40+ Units (Wisconsin Apple)
  • Guarantee Tenant 2: Personal
  • NOI: $224,100 / Year
Investment Highlights

· Successful operator as an Applebee’s franchisee that operates 40+ Units

· Franchisee is  exclusive operator to Kentucky, Wisconsin, and Oklahoma which secure competitive advantage in local market to maintain store sales

· Applebee’s is part of Dine Brands (NYSE: DIN) which the Applebee’s system has seen an increase same store sales of more than 6.2%

· 17+ Year Operating History | Tenant has operated as the subject property for more than 17 years (Since 2005) which demonstrates to the brands commitment to the local market.

· Rare Long Term Lease | Lease Features a rare within the industry a 25 year long term lease that allows landlord to hedge against inflation

· No Landlord Responsibilities in lease

· Ideal Management free income - investment for passive investor

· Subject property is outparcel to anchor tenant The Home Depot

· Large Lot | Subject property sits on a large lot (1.73 Acres) which allow future landlord multiple options for tenant replacement

· Subject Property is located less than 10 miles from Downtown Milwaukee, Wisconsin

· Subject property is neighboring national tenants such as, Home Depot, Target, At&t, Dollar Tree, Pick N Save, Marshalls, Home Goods, Sport Clips, T-Mobile, Auto Zone, Ace Hardware, Kohls, Office Max, and many more

· Subject Property is located on S 108th ST which has traffic of 31,000+ VPD

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Neil Naran

Phone:  (909) 456-3476

Mobile: (949) 842-9202

Email: Neil.Naran@Marcusmillichap.com

Lic. # 02025512

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The Naran Group of Marcus & Millichap is a net lease investment group. Marcus & Millichap is the most dominant brokerage group in the country with more than 80+ offices and nearly 2,000 agents throughout the US and Canada. Marcus & Millichap currently closes more transactions than any other firm. 

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