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Off Market
1/8

526 S Taylor Dr
Sheboygan, WI 53081


HIGHLIGHTS

  • New 18-Year Term | Rare Annual Increases | Options To Extend | Franchisee Guaranteed Lease
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Major Throughfare | Excellent Visibility & Access
  • Adjacent to Memorial Mall Shopping Center | Retail Corridor with National/Credit Tenants
  • Near St. Nicholas Hospital (185-Beds) | Strong Demographics In 5-mile Trade Area

OVERVIEW

The Applebee’s property is strategically located along S Taylor Drive (15,900 VPD), which serves as a major retail corridor for Sheboygan. The site is also positioned just off Interstate 43 (31,300 VPD), a highly traveled commuter thoroughfare leading directly into the heart of Milwaukee. Additionally, the asset sits adjacent to the Memorial Mall Shopping Center anchored by Meijer, Kohls, and Bed Bath and Beyond, promoting crossover traffic to the site. Other nearby national/credit tenants include ALDI, a 24-hour Festival Foods, Walgreens, CVS Pharmacy, Big Lots, Pick ‘n Save, Planet Fitness, and more, further increasing consumer draw to the trade area. Moreover, the site is just under a mile south of the St. Nicholas Hospital, a 185-bed medical facility which serves nearly 15,000 patients every year, providing a direct consumer base from which to draw. The 5-mile trade area is supported by a dense population of over 70,500 residents with an average household income of $66,487.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Applebee's | 18yr Abs NNN w/ Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

4465

STORIES

1

YEAR BUILT

1997

SPRINKLERS

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PARKING SPACES

71

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

59281215103