15505 W Rockridge Rd - Restaurant FOR SALE


New Berlin, WI 53151
$3,461,538 USD
414-491-2327
15505 W Rockridge Rd, New Berlin, WI for Sale
$3,461,538 USD
Restaurant - FOR SALE
1/3
null | 6.5% Cap Rate

15505 W Rockridge Rd
New Berlin, WI 53151


HIGHLIGHTS

  • Four Assets - Available Individually or as a Portfolio.
  • 20-year Sale-leaseback Opportunities - Offering turn-key, absolute-net opportunities backed by two powerhouse brands and a seasoned operator.
  • Hands-off Ownership with Increases that Protect Long-Term Value - All four properties are secured by long-term 20-year absolute triple-net (NNN) lease
  • Applebee's + IHOP Dual Branded Locations - All four properties to undergo Applebee's-IHOP dual branded conversion.

OVERVIEW

Applebee’s | IHOP 20 year sale leaseback offers a turnkey, absolute-net opportunity backed by two powerhouse national brands, with a seasoned operator, delivering long term stability, predictable rent growth, and truly passive income in a high visibility, dual concept location. This property is part of a 4-Property Portfolio. The 4 assets are being offered individually or as a portfolio. Learn more here: http://www.applebeesihopsaleleasebackswi.com/ Each property is subject to a 20-year sale leaseback structure offering turnkey, absolute-net opportunity backed by two powerhouse national brands, with a seasoned operator, delivering long term stability, predictable rent growth, and truly passive income in high visibility locations. All four locations are scheduled to undergo Applebee's-IHOP dual branded conversion, designed to maximize sales potential, attract a wider demographic of guests, and provide greater flexibility and convenience by offering an extensive menu that include breakfast, lunch, dinner, beverages, and desserts all in one location.

FOR SALE DETAILS

PRICE

$3,461,538 USD

PRICE/SF

$725 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee’s-IHOP | Sale Leaseback

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

M1

APN/PARCEL ID

NBC-1255-991-005

ASK ABOUT THIS PROPERTY

414-491-2327

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414-491-2327

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