2221 Stewart Ave
Wausau, WI 54401
Applebee's · Retail Property For Sale
PROPERTY FACTS
ABOUT 2221 STEWART AVE , WAUSAU, WI 54401
Marcus & Millichap is pleased to present the exclusive listing for an Applebee' s located at 2221 Stewart Avenue in Wausau, Wisconsin. The property consists of approximately 5,271 square feet of building space and sits on 0.91 acres of land. The property is subject to a brand new 20-year Triple-Net (NNN) lease. The lease will commence upon close of escrow. The current rent is $198,534 with 10% increases every five years starting in year six. The increases will continue through the four, five year tenant renewal options. The tenant is Apple Hospitality Group LLC, and the lease has a WHG Real Estate East Franchisee Guarantee. This Applebee' s is located at 2221 Stewart Avenue in Wausau, Wisconsin. Located in central Wisconsin, Wausau is the county seat of Marathon County.The subject property is well-positioned in a dense retail corridor, benefiting from its proximity to major national and local retailers. Home Depot, Menards, Avis, Hardee' s, Kwik Trip, US Bank, Starbucks, O' Reilly Auto Parts, Walgreens and several others are in the immediate area.
PROPERTY TAXES
| Parcel Number | 291-2907-342-0953 | Improvements Assessment | $1,493,000 |
| Land Assessment | $418,400 | Total Assessment | $1,911,400 |
