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Applebee's
(Wisconsin Rapids, WI)
Applebee's (Wisconsin Rapids, WI)
4311 8th Street South
Price: $1,942,857
CAP Rate: 5.25%
Leasable Area: 5754 SF
Status: Available
Lease Type: Absolute Triple Net (NNN)
Lease Term Remaining: 20 Years from COE
Guarantee: Franchisee (40+ Units)
NOI: $102,000 / Year
Investment Highlights
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25 Year Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities | Management Free Real Estate Income deal for 1031 Exchange Buyer
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Long Standing Brand | Applebee’s brand has an operating history of more than 40+ years which demonstrates the brand’s ability through different economic cycles
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Attractive Annual Increases | Lease Structure allows for annual increases in rent by 1.5%
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Large Lot | Subject property sits on a large lot (1.55 Acres) which allow future landlord multiple options for tenant replacement
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Successful Operator of 40+ Units | Experienced Operator ensures safety and security of the operations
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Traffic Exceeding: 20,000 cars per day (VPD) as a corner Outparcel to Walmart
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Surrounding Nationally Recognized Neighboring Tenants | Walmart, Mattress Firm, Ford, Arby's, Sleep Inn, Dollar Tree, Great Clip, and several others.
Lead Agent:

Neil Naran
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