

Applebee's-Dunkin Donuts (West Allis, WI)
2865 S 108th ST, West Allis, WI 53227
_JPG.jpg)
Property Summary
-
Price: $3,735,000
-
CAP Rate: 6.00%
-
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

Neil Naran

See Our
Deals & Reports First
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.