2865 S 108th St | West Allis, WI 53227
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2865 S 108th St
West Allis, WI 53227
Applebee's and Dunkin' · Retail Property For Sale
Investment Highlights
- LONG OPERATING HISTORY & STRONG GUARANTEE | FRANCHISEE GUARANTEE OF 40+ UNIT
- STRONG LOCATION - OUTPARCEL TO HOME DEPOT AND NEIGHBORING TO TARGET
- 24 YEAR ABSOLUTE TRIPLE NET (NNN) LEASE | LONG TERM LEASE | FEE SIMPLE OWNERSHIP
- SURROUNDING NATIONAL TENANTS TO SUPPORT STRONG UNIT SALES
Executive Summary
WISCONSIN APPLE, LLC
Successful Applebee’s franchisee operating over 40+ Units.
Franchisee is exclusive operator to Kentucky, Wisconsin, and Oklahoma securing 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 of same store sales of more than 6.2%
17+ Year Operating History | Tenant has operated at the subject property for more than 17 years (Since 2005) which demonstrates to the brands commitment to the local market.
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.
SHREE WEST ALLIS, LLC
Successful operator as a Dunkin franchisee that operates 15+ Units.
Franchisee is multi-unit operator to Illinois which secures competitive advantage in local market to maintain store sales.
Dunkin is part of Inspire Brands (Partnering Brands Include: Arby’s, Baskin Robins, Buffalo Wild Wings, Jimmy John’s, Mister Donut, Rusty Taco, Sonic Burger) which the Dunkin system has seen an increase same store sales of more than 10.0%.
Tenant has operated as the subject property since 2013 which demonstrates the brands commitment to the local market.
Successful Applebee’s franchisee operating over 40+ Units.
Franchisee is exclusive operator to Kentucky, Wisconsin, and Oklahoma securing 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 of same store sales of more than 6.2%
17+ Year Operating History | Tenant has operated at the subject property for more than 17 years (Since 2005) which demonstrates to the brands commitment to the local market.
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.
SHREE WEST ALLIS, LLC
Successful operator as a Dunkin franchisee that operates 15+ Units.
Franchisee is multi-unit operator to Illinois which secures competitive advantage in local market to maintain store sales.
Dunkin is part of Inspire Brands (Partnering Brands Include: Arby’s, Baskin Robins, Buffalo Wild Wings, Jimmy John’s, Mister Donut, Rusty Taco, Sonic Burger) which the Dunkin system has seen an increase same store sales of more than 10.0%.
Tenant has operated as the subject property since 2013 which demonstrates the brands commitment to the local market.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,000 SF
Building Class
B
Year Built
2003
Price
$3,250,000
Price Per SF
$406
Cap Rate
6.50%
NOI
$211,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.73 AC
Zoning
C - Commercial
Parking
225 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
121 FT on S 108th St
Amenities
- Pylon Sign
- Monument Signage
PROPERTY TAXES
| Parcel Number | 520-9965-012 | Improvements Assessment | $1,438,200 |
| Land Assessment | $663,100 | Total Assessment | $2,101,300 |
PROPERTY TAXES
Parcel Number
520-9965-012
Land Assessment
$663,100
Improvements Assessment
$1,438,200
Total Assessment
$2,101,300
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