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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
  • 25 Year Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities | Management Free Real Estate Income deal for 1031 Exchange Buyer
  • 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
  • Attractive Annual Increases | Lease Structure allows for annual increases in rent by 1.5%
  • Large Lot | Subject property sits on a large lot (1.55 Acres) which allow future landlord multiple options for tenant replacement
  • Successful Operator of 40+ Units | Experienced Operator ensures safety and security of the operations
  • Traffic Exceeding: 20,000 cars per day (VPD) as a corner Outparcel to Walmart
  • Surrounding Nationally Recognized Neighboring Tenants | Walmart, Mattress Firm, Ford, Arby's, Sleep Inn, Dollar Tree, Great Clip, and several others.

Lead Agent: 

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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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