top of page
APPLEBEE'S (OAK CREEK, WI)
7135 South 13th Street,
Oak Creek WI 53154
Price: $2,109,000
CAP Rate: 6.75%
Leasable Area: 4,787 SF
Status: Available
Lease Type: Absolute Triple Net (NNN)
Lease Term Remaining: 20 Years from COE
Guarantee: Franchisee (***Ask Broker for Details)
NOI: $142,358 / Year
INVESTMENT HIGHLIGHTS
-
Long Term Lease | 20 Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
-
Management Free Real Estate Income | Lease Structure is an Absolute Triple Net (NNN) Lease which ideal for 1031 Exchange Buyers
-
Attractive Rental Increases | Base Rent increases 1.50% Annually
-
Attractive Options to Extend | Four (4) Tenant Renewals Periods of Five (5) Years Each
-
Successful Operator of Applebee's | Operates 46+ Units between Wisconsin & Kentucky
-
Experienced Operator ensures safety and security of brand
-
Nationally Recognized Neighboring Tenants: Walmart, Lowe’s, Aldi, Home Depot, Hobby Lobby, Sam’s Club, Starbucks, La Quinta Inn & Suites and Industrial & Warehouse Manufacturing Facilities
Lead Agent:
Neil Naran
bottom of page