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
£2,593,013
Price Per SF
£324
Net Initial Yield
6.50%
NOI
£168,546
Tenancy
Single
Number of Floors
1
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 | £1,132,870 |
| Land Assessment | £522,324 | Total Assessment | £1,655,194 |
PROPERTY TAXES
Parcel Number
520-9965-012
Land Assessment
£522,324
Improvements Assessment
£1,132,870
Total Assessment
£1,655,194
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